Litman Gregory Wealth Management LLC Has $5.09 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Litman Gregory Wealth Management LLC decreased its stake in S&P Global Inc. (NYSE:SPGI) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,210 shares of the business services provider’s stock after selling 186 shares during the period. Litman Gregory Wealth Management LLC’s holdings in S&P Global were worth $5,085,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Concord Wealth Partners increased its stake in shares of S&P Global by 15.6% in the fourth quarter. Concord Wealth Partners now owns 883 shares of the business services provider’s stock valued at $440,000 after buying an additional 119 shares during the period. Concord Asset Management LLC VA grew its holdings in S&P Global by 17.5% during the 4th quarter. Concord Asset Management LLC VA now owns 679 shares of the business services provider’s stock worth $338,000 after acquiring an additional 101 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in S&P Global by 6.7% during the 4th quarter. Chicago Partners Investment Group LLC now owns 1,435 shares of the business services provider’s stock worth $712,000 after acquiring an additional 90 shares during the last quarter. Waldron Private Wealth LLC increased its position in S&P Global by 4.6% in the 4th quarter. Waldron Private Wealth LLC now owns 1,978 shares of the business services provider’s stock valued at $985,000 after acquiring an additional 87 shares during the period. Finally, Everett Harris & Co. CA raised its stake in shares of S&P Global by 3.9% during the fourth quarter. Everett Harris & Co. CA now owns 1,397 shares of the business services provider’s stock valued at $696,000 after acquiring an additional 52 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Down 0.4 %

Shares of NYSE:SPGI opened at $521.44 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The business’s 50 day simple moving average is $506.40 and its two-hundred day simple moving average is $504.48. The firm has a market cap of $161.80 billion, a P/E ratio of 46.02, a PEG ratio of 2.38 and a beta of 1.20.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.74%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SPGI shares. Citigroup started coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. BMO Capital Markets raised their price objective on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Robert W. Baird upped their target price on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Stifel Nicolaus raised their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Morgan Stanley upped their price objective on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.