SRS Capital Advisors Inc. Purchases 757 Shares of S&P Global Inc. (NYSE:SPGI)

SRS Capital Advisors Inc. grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 9.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 8,596 shares of the business services provider’s stock after purchasing an additional 757 shares during the period. SRS Capital Advisors Inc.’s holdings in S&P Global were worth $4,281,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. Asahi Life Asset Management CO. LTD. increased its position in shares of S&P Global by 85.9% during the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 1,288 shares of the business services provider’s stock valued at $641,000 after acquiring an additional 595 shares during the last quarter. Bailard Inc. increased its position in shares of S&P Global by 0.3% during the fourth quarter. Bailard Inc. now owns 29,867 shares of the business services provider’s stock valued at $14,875,000 after acquiring an additional 87 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of S&P Global by 17.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,670 shares of the business services provider’s stock worth $1,828,000 after purchasing an additional 541 shares during the period. Levin Capital Strategies L.P. purchased a new position in shares of S&P Global in the 4th quarter worth about $474,000. Finally, Duncker Streett & Co. Inc. boosted its holdings in shares of S&P Global by 0.4% in the 4th quarter. Duncker Streett & Co. Inc. now owns 11,360 shares of the business services provider’s stock worth $5,658,000 after buying an additional 48 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on SPGI. Wells Fargo & Company boosted their price target 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 boosted their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. StockNews.com downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. UBS Group boosted their price target on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Citigroup began coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. Three equities 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 presently has an average rating of “Moderate Buy” and a consensus target price of $590.23.

S&P Global Trading Up 1.7 %

Shares of SPGI opened at $534.09 on Friday. The business’s 50-day moving average price is $513.75 and its 200-day moving average price is $510.82. 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 $164.39 billion, a PE ratio of 43.25, a P/E/G ratio of 2.41 and a beta of 1.20. 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 quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating the consensus estimate 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 in the previous year, the firm earned $3.13 EPS. On average, equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. 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. This represents a $3.84 annualized dividend and a dividend yield of 0.72%. S&P Global’s dividend payout ratio is currently 31.09%.

About S&P Global

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.