S&P Global Inc. (NYSE:SPGI) Stake Boosted by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 310.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,498 shares of the business services provider’s stock after purchasing an additional 1,890 shares during the quarter. Tyche Wealth Partners LLC’s holdings in S&P Global were worth $1,244,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SPGI. First National Corp MA ADV increased its position in S&P Global by 0.9% in the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock worth $1,211,000 after buying an additional 20 shares during the period. Kathleen S. Wright Associates Inc. increased its position in S&P Global by 25.0% in the 3rd quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock worth $51,000 after buying an additional 20 shares during the period. Trust Point Inc. increased its position in S&P Global by 1.4% in the 3rd quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock worth $725,000 after buying an additional 20 shares during the period. Headinvest LLC increased its position in S&P Global by 2.0% in the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after buying an additional 20 shares during the period. Finally, EWA LLC increased its position in S&P Global by 4.2% in the 3rd quarter. EWA LLC now owns 498 shares of the business services provider’s stock worth $254,000 after buying an additional 20 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $513.65 on Thursday. The business’s fifty day moving average price is $506.19 and its two-hundred day moving average price is $505.17. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The stock has a market capitalization of $159.39 billion, a price-to-earnings ratio of 45.34, a price-to-earnings-growth ratio of 2.40 and a beta of 1.20. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio is 32.13%.

Analyst Upgrades and Downgrades

Several research analysts have commented on SPGI shares. BMO Capital Markets lifted their price target 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. JPMorgan Chase & Co. dropped their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company lowered their price objective on 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. Citigroup began coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective on the stock. Finally, Morgan Stanley boosted their price objective on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $584.54.

S&P Global 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.