Capital Analysts LLC Grows Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Capital Analysts LLC raised its stake in S&P Global Inc. (NYSE:SPGI) by 856.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,391 shares of the business services provider’s stock after buying an additional 23,632 shares during the period. Capital Analysts LLC’s holdings in S&P Global were worth $13,143,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SPGI. Human Investing LLC purchased a new position in S&P Global during the 4th quarter valued at about $30,000. Noble Wealth Management PBC purchased a new position in shares of S&P Global during the 4th quarter worth approximately $31,000. Hazlett Burt & Watson Inc. raised its position in shares of S&P Global by 131.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock worth $32,000 after purchasing an additional 38 shares during the last quarter. Sound Income Strategies LLC lifted its stake in S&P Global by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after buying an additional 63 shares in the last quarter. Finally, BankPlus Trust Department acquired a new stake in S&P Global during the 4th quarter valued at $40,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on SPGI shares. Evercore ISI lifted their price objective on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Mizuho started coverage on shares of S&P Global in a report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price target for the company. JPMorgan Chase & Co. reduced their price objective on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Morgan Stanley lifted 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 note on Wednesday, February 12th. Finally, Oppenheimer reduced their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $591.86.

S&P Global Stock Down 0.2 %

Shares of NYSE:SPGI opened at $480.33 on Friday. S&P Global Inc. has a 1 year low of $408.84 and a 1 year high of $545.39. The stock has a 50-day simple moving average of $492.37 and a 200-day simple moving average of $503.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $150.75 billion, a P/E ratio of 38.89, a PEG ratio of 2.41 and a beta of 1.26.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the prior year, the company earned $3.13 earnings per share. Equities analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.96 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.80%. The ex-dividend date was Wednesday, February 26th. S&P Global’s dividend payout ratio is currently 31.09%.

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.