S&P Global Inc. (NYSE:SPGI) Short Interest Update

S&P Global Inc. (NYSE:SPGI) saw a large decline in short interest in January. As of January 15th, there was short interest totaling 4,148,383 shares, a decline of 16.3% from the December 31st total of 4,954,119 shares. Based on an average daily trading volume, of 1,344,089 shares, the days-to-cover ratio is currently 3.1 days. Currently, 1.4% of the shares of the stock are sold short. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,344,089 shares, the days-to-cover ratio is currently 3.1 days.

Institutional Trading of S&P Global

Large investors have recently made changes to their positions in the business. Emerald Advisers LLC boosted its holdings in S&P Global by 2.0% during the 2nd quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock valued at $480,000 after acquiring an additional 18 shares during the period. Fullcircle Wealth LLC lifted its position in shares of S&P Global by 1.0% during the second quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock worth $984,000 after purchasing an additional 18 shares during the last quarter. Summitry LLC boosted its stake in shares of S&P Global by 2.1% during the second quarter. Summitry LLC now owns 883 shares of the business services provider’s stock valued at $466,000 after purchasing an additional 18 shares during the period. Hamilton Capital LLC boosted its stake in shares of S&P Global by 4.5% during the second quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock valued at $220,000 after purchasing an additional 18 shares during the period. Finally, Sand Hill Global Advisors LLC grew its holdings in shares of S&P Global by 3.1% in the second quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock worth $333,000 after purchasing an additional 19 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SPGI shares. JPMorgan Chase & Co. lowered their price objective on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Morgan Stanley lifted their target price on S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. BMO Capital Markets set a $546.00 price target on S&P Global in a report on Friday, November 14th. Mizuho upped their price target on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $640.00 price objective on shares of S&P Global in a research report on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $615.64.

S&P Global Price Performance

Shares of SPGI traded down $60.29 during mid-day trading on Tuesday, hitting $467.38. 6,730,873 shares of the stock were exchanged, compared to its average volume of 1,380,921. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $141.52 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 2.24 and a beta of 1.20. S&P Global has a 52-week low of $427.14 and a 52-week high of $579.05. The firm has a 50-day moving average of $518.83 and a two-hundred day moving average of $516.94.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 0.8%. This is an increase from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date is Wednesday, February 25th. S&P Global’s dividend payout ratio (DPR) is 27.93%.

About S&P Global

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.