Longboard Asset Management LP Takes $222,000 Position in S&P Global Inc. (NYSE:SPGI)

Longboard Asset Management LP acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 445 shares of the business services provider’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new position in shares of S&P Global during the third quarter worth $27,000. First Personal Financial Services bought a new position in S&P Global during the 3rd quarter worth $29,000. Capital Performance Advisors LLP bought a new position in S&P Global during the 3rd quarter worth $31,000. Voisard Asset Management Group Inc. lifted its holdings in S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after buying an additional 27 shares during the period. Finally, Dunhill Financial LLC grew its position in shares of S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after buying an additional 34 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Morgan Stanley lifted their price objective on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Wells Fargo & Company dropped their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. BMO Capital Markets lifted their target price on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Finally, Citigroup started coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price target on the stock. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Stock Performance

Shares of S&P Global stock opened at $518.53 on Tuesday. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The firm has a market capitalization of $160.90 billion, a price-to-earnings ratio of 45.77, a PEG ratio of 2.40 and a beta of 1.20. The business has a 50-day simple moving average of $506.40 and a 200 day simple moving average of $504.70. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. S&P Global’s payout ratio is currently 32.13%.

About S&P Global

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.