Gitterman Wealth Management LLC Grows Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Gitterman Wealth Management LLC lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 483 shares of the business services provider’s stock after purchasing an additional 26 shares during the period. Gitterman Wealth Management LLC’s holdings in S&P Global were worth $241,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Choate Investment Advisors lifted its position in S&P Global by 4.8% during the fourth quarter. Choate Investment Advisors now owns 13,258 shares of the business services provider’s stock worth $6,606,000 after buying an additional 602 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of S&P Global by 7.5% during the 4th quarter. Natixis Advisors LLC now owns 237,409 shares of the business services provider’s stock worth $118,237,000 after acquiring an additional 16,495 shares during the period. First National Trust Co boosted its position in shares of S&P Global by 2.2% during the 4th quarter. First National Trust Co now owns 14,099 shares of the business services provider’s stock valued at $7,022,000 after acquiring an additional 305 shares during the last quarter. Carret Asset Management LLC increased its position in S&P Global by 13.7% during the fourth quarter. Carret Asset Management LLC now owns 2,263 shares of the business services provider’s stock worth $1,127,000 after purchasing an additional 273 shares during the last quarter. Finally, Postrock Partners LLC purchased a new position in S&P Global during the fourth quarter worth about $2,592,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Up 1.4 %

S&P Global stock opened at $486.67 on Friday. The firm has a market capitalization of $149.80 billion, a P/E ratio of 39.41, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The stock’s fifty day simple moving average is $513.56 and its 200-day simple moving average is $510.94.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping 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 prior year, the business posted $3.13 EPS. As a group, equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.79%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is currently 31.09%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several analyst reports. Mizuho began coverage on shares of S&P Global in a research note on Wednesday. They issued an “outperform” rating and a $599.00 price target for the company. Oppenheimer lowered their price objective on 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. BMO Capital Markets lifted their target price 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. Morgan Stanley increased their price target on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, Wells Fargo & Company boosted their price objective on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $590.86.

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.