Evoke Wealth LLC Has $2.18 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Evoke Wealth LLC raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,380 shares of the business services provider’s stock after buying an additional 164 shares during the quarter. Evoke Wealth LLC’s holdings in S&P Global were worth $2,181,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Horizon Investments LLC grew its holdings in shares of S&P Global by 2.2% during the fourth quarter. Horizon Investments LLC now owns 6,783 shares of the business services provider’s stock valued at $3,378,000 after buying an additional 147 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of S&P Global by 2.4% in the 4th quarter. Advisors Asset Management Inc. now owns 20,887 shares of the business services provider’s stock valued at $10,402,000 after purchasing an additional 482 shares during the period. Axxcess Wealth Management LLC lifted its position in shares of S&P Global by 39.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 3,212 shares of the business services provider’s stock worth $1,600,000 after purchasing an additional 908 shares in the last quarter. Tocqueville Asset Management L.P. lifted its position in shares of S&P Global by 5.4% in the fourth quarter. Tocqueville Asset Management L.P. now owns 7,039 shares of the business services provider’s stock worth $3,506,000 after purchasing an additional 360 shares in the last quarter. Finally, Cibc World Markets Corp boosted its holdings in shares of S&P Global by 27.7% during the fourth quarter. Cibc World Markets Corp now owns 79,239 shares of the business services provider’s stock worth $39,463,000 after purchasing an additional 17,184 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Trading Up 1.6 %

NYSE SPGI opened at $494.38 on Tuesday. The stock’s 50-day moving average is $513.56 and its 200-day moving average is $510.89. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $152.17 billion, a P/E ratio of 40.03, a P/E/G ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping 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 quarter last year, the business earned $3.13 EPS. Sell-side analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is presently 31.09%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. 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 report on Thursday, February 13th. Citigroup started coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Wells Fargo & Company raised their target price on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Finally, Morgan Stanley boosted 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 fourteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $590.86.

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.