S&P Global Inc. (NYSE:SPGI) Shares Purchased by Stephens Inc. AR

Stephens Inc. AR raised its position in S&P Global Inc. (NYSE:SPGI) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,863 shares of the business services provider’s stock after acquiring an additional 460 shares during the quarter. Stephens Inc. AR’s holdings in S&P Global were worth $5,410,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on SPGI. UBS Group raised their price objective 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. Robert W. Baird increased their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Wells Fargo & Company lowered their price target 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. Morgan Stanley raised 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. Finally, Citigroup began coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $584.54.

S&P Global Stock Performance

Shares of NYSE SPGI 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 company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a market cap of $159.58 billion, a PE ratio of 45.39, a P/E/G ratio of 2.39 and a beta of 1.20. The stock has a 50 day simple moving average of $505.85 and a 200-day simple moving average of $505.78.

S&P Global Increases Dividend

The firm also recently declared 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 represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is 33.89%.

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.