Attessa Capital LLC Makes New $377,000 Investment in S&P Global Inc. (NYSE:SPGI)

Attessa Capital LLC purchased a new stake in S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 757 shares of the business services provider’s stock, valued at approximately $377,000. S&P Global makes up 0.3% of Attessa Capital LLC’s investment portfolio, making the stock its 29th biggest holding.

Other hedge funds have also recently modified their holdings of the company. Northwest Investment Counselors LLC purchased a new stake in shares of S&P Global during the 3rd quarter worth $27,000. First Personal Financial Services bought a new position in S&P Global in the third quarter worth about $29,000. Capital Performance Advisors LLP bought a new position in S&P Global in the third quarter worth about $31,000. Voisard Asset Management Group Inc. lifted 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 valued at $32,000 after buying an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC boosted its holdings 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 in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $542.44 on Friday. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $542.77. 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 $168.32 billion, a PE ratio of 47.88, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. The company’s 50 day moving average is $506.35 and its 200 day moving average is $506.53.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. During the same period last year, the company earned $3.13 EPS. On average, sell-side analysts forecast that S&P Global Inc. will post 15.34 EPS for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.71%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research note on Wednesday. UBS Group upped their price target on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Citigroup assumed coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Evercore ISI upped their target price on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $587.92.

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.