New Republic Capital LLC Purchases 35 Shares of S&P Global Inc. (NYSE:SPGI)

New Republic Capital LLC lifted its position in S&P Global Inc. (NYSE:SPGI) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 564 shares of the business services provider’s stock after buying an additional 35 shares during the quarter. New Republic Capital LLC’s holdings in S&P Global were worth $281,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

SPGI has been the subject of several analyst reports. BMO Capital Markets upped their price target on shares of S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. Wells Fargo & Company dropped their target price on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Stifel Nicolaus boosted their price objective on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. cut their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, UBS Group increased their price target on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Stock Performance

Shares of S&P Global stock opened at $514.26 on Tuesday. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The firm has a market capitalization of $159.58 billion, a P/E ratio of 45.39, a P/E/G ratio of 2.39 and a beta of 1.20. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $505.85 and a two-hundred day simple moving average of $505.78.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.75%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is presently 32.13%.

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.