S&P Global Inc. (NYSE:SPGI) Shares Purchased by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 8.9% during the 4th quarter, HoldingsChannel reports. The firm owned 4,328 shares of the business services provider’s stock after purchasing an additional 352 shares during the period. Integrated Wealth Concepts LLC’s holdings in S&P Global were worth $2,156,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Nordea Investment Management AB increased its position in S&P Global by 52.0% in the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after acquiring an additional 225,370 shares during the period. Eastern Bank grew its stake in shares of S&P Global by 3.1% in the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock valued at $24,980,000 after purchasing an additional 1,530 shares during the last quarter. Wealthfront Advisers LLC increased its holdings in shares of S&P Global by 19.1% in the fourth quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider’s stock valued at $18,799,000 after purchasing an additional 6,051 shares during the period. Oddo BHF Asset Management Sas purchased a new stake in shares of S&P Global during the third quarter worth approximately $27,170,000. Finally, American Trust lifted its holdings in shares of S&P Global by 76.2% during the third quarter. American Trust now owns 2,518 shares of the business services provider’s stock worth $1,301,000 after purchasing an additional 1,089 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SPGI. Oppenheimer dropped their price objective on shares of 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. Bank of America initiated coverage on shares of S&P Global in a research note on Thursday, April 10th. They set a “buy” rating and a $600.00 price target on the stock. BMO Capital Markets raised their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Mizuho began coverage on S&P Global in a research report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price on the stock. Finally, Evercore ISI increased their target price on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and a consensus target price of $591.86.

S&P Global Price Performance

S&P Global stock opened at $480.33 on Monday. The firm has a market capitalization of $150.75 billion, a PE ratio of 38.89, a P/E/G ratio of 2.41 and a beta of 1.26. S&P Global Inc. has a 52 week low of $408.84 and a 52 week high of $545.39. The firm’s 50-day simple moving average is $492.37 and its 200 day simple moving average is $502.89. 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 released its quarterly 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 net margin of 27.12% and a return on equity of 14.33%. During the same period last year, the firm earned $3.13 EPS. On average, equities research analysts predict 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 was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.96 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.80%. S&P Global’s dividend payout ratio (DPR) is presently 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.