S&P Global Inc. (NYSE:SPGI) Position Increased by Wealthspire Advisors LLC

Wealthspire Advisors LLC lifted its position in S&P Global Inc. (NYSE:SPGI) by 17.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 768 shares of the business services provider’s stock after acquiring an additional 116 shares during the quarter. Wealthspire Advisors LLC’s holdings in S&P Global were worth $383,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in SPGI. First Personal Financial Services purchased a new stake in shares of S&P Global in the 3rd quarter valued at approximately $29,000. Human Investing LLC purchased a new stake in shares of S&P Global in the 4th quarter valued at approximately $30,000. Capital Performance Advisors LLP purchased a new stake in shares of S&P Global in the 3rd quarter valued at approximately $31,000. Voisard Asset Management Group Inc. lifted its position 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 acquiring an additional 27 shares in the last quarter. Finally, Dunhill Financial LLC lifted its position 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 acquiring 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 Stock Performance

NYSE:SPGI opened at $528.65 on Thursday. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The firm’s fifty day simple moving average is $512.12 and its 200 day simple moving average is $510.22. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $162.72 billion, a PE ratio of 42.81, a PEG ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same period last year, the firm posted $3.13 EPS. On average, sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 0.73%. S&P Global’s dividend payout ratio (DPR) is presently 31.09%.

Analyst Ratings Changes

Several equities research analysts recently commented on SPGI shares. Citigroup initiated coverage on shares of S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target for the company. BMO Capital Markets increased their target price on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Wells Fargo & Company increased their target price on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Oppenheimer cut their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Finally, Morgan Stanley increased their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $590.23.

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.