Sovereign Investment Advisors LLC Takes $660,000 Position in S&P Global Inc. (NYSE:SPGI)

Sovereign Investment Advisors LLC bought a new stake in S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,325 shares of the business services provider’s stock, valued at approximately $660,000.

Other large investors have also modified their holdings of the company. Human Investing LLC acquired a new stake in shares of S&P Global in the fourth quarter valued at about $30,000. Noble Wealth Management PBC purchased a new position in S&P Global in the fourth quarter valued at about $31,000. Dunhill Financial LLC boosted its holdings in S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 34 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in S&P Global by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 63 shares during the last quarter. Finally, BankPlus Trust Department purchased a new position in S&P Global in the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 1.4 %

Shares of S&P Global stock opened at $486.67 on Friday. 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 business’s 50 day simple moving average is $513.56 and its 200-day simple moving average is $510.94. The stock has a market capitalization of $149.80 billion, a price-to-earnings ratio of 39.41, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS 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 period in the previous year, the company posted $3.13 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts recently commented on SPGI shares. Wells Fargo & Company increased their price target on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Evercore ISI increased their price target on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Mizuho initiated coverage on S&P Global in a report on Wednesday. They issued an “outperform” rating and a $599.00 price target for the company. UBS Group increased their target price on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Oppenheimer reduced their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and fourteen have given 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 $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.