Sigma Planning Corp Purchases 160 Shares of S&P Global Inc. (NYSE:SPGI)

Sigma Planning Corp raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 12.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,428 shares of the business services provider’s stock after acquiring an additional 160 shares during the quarter. Sigma Planning Corp’s holdings in S&P Global were worth $711,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Headinvest LLC grew its position in S&P Global by 2.0% in the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock valued at $515,000 after purchasing an additional 20 shares in the last quarter. EWA LLC boosted its stake in shares of S&P Global by 4.2% during 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 last quarter. Continuum Advisory LLC boosted its stake in shares of S&P Global by 1.3% during the 3rd quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock worth $788,000 after buying an additional 20 shares during the last quarter. Fullcircle Wealth LLC grew its holdings in shares of S&P Global by 1.2% in the 3rd quarter. Fullcircle Wealth LLC now owns 1,789 shares of the business services provider’s stock valued at $872,000 after acquiring an additional 21 shares in the last quarter. Finally, Archer Investment Corp increased its position in shares of S&P Global by 21.0% in the third quarter. Archer Investment Corp now owns 127 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 22 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Up 0.1 %

S&P Global stock opened at $533.80 on Wednesday. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The stock has a market cap of $164.30 billion, a P/E ratio of 43.22, a P/E/G ratio of 2.41 and a beta of 1.20. The company’s 50-day moving average price is $511.35 and its two-hundred day moving average price is $510.09. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last announced its earnings results 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 return on equity of 14.33% and a net margin of 27.12%. During the same quarter last year, the company earned $3.13 EPS. As a group, analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders 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 dividend yield of 0.72%. The ex-dividend date of this dividend is Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is presently 31.09%.

Analysts Set New Price Targets

SPGI has been the subject of several recent research reports. BMO Capital Markets increased their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Oppenheimer cut their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Wells Fargo & Company boosted their target price on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Evercore ISI upped their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, Morgan Stanley lifted their price objective on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Three equities research 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, S&P Global has an average rating of “Moderate Buy” and an average price target of $590.23.

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.