Peterson Wealth Services Purchases 67 Shares of S&P Global Inc. (NYSE:SPGI)

Peterson Wealth Services increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 736 shares of the business services provider’s stock after purchasing an additional 67 shares during the period. Peterson Wealth Services’ holdings in S&P Global were worth $367,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPGI. Northwest Investment Counselors LLC bought a new position in shares of S&P Global during the 3rd quarter worth about $27,000. First Personal Financial Services bought a new position in S&P Global during the third quarter worth about $29,000. Capital Performance Advisors LLP acquired a new stake in S&P Global during the third quarter valued at approximately $31,000. Voisard Asset Management Group Inc. grew 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 during the period. Finally, Dunhill Financial LLC grew its stake 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 purchasing an additional 34 shares during the period. 87.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on SPGI shares. Robert W. Baird boosted their price target on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. UBS Group upped their target price on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Morgan Stanley lifted their price target on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Citigroup assumed coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. Finally, Stifel Nicolaus boosted their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus target price of $584.54.

S&P Global Price Performance

Shares of SPGI stock opened at $514.26 on Tuesday. The firm has a market cap of $159.58 billion, a price-to-earnings ratio of 45.39, a PEG ratio of 2.39 and a beta of 1.20. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average price of $505.85 and a 200 day moving average price of $505.78.

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 paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. S&P Global’s payout ratio is 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.