Guardian Wealth Advisors LLC Trims Stake in S&P Global Inc. (NYSE:SPGI)

Guardian Wealth Advisors LLC lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,829 shares of the business services provider’s stock after selling 54 shares during the quarter. S&P Global comprises 0.6% of Guardian Wealth Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. Guardian Wealth Advisors LLC’s holdings in S&P Global were worth $911,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Diversified Trust Co boosted its stake in shares of S&P Global by 41.1% during the third quarter. Diversified Trust Co now owns 1,689 shares of the business services provider’s stock worth $873,000 after buying an additional 492 shares during the period. Atomi Financial Group Inc. lifted its position in S&P Global by 13.6% during the 3rd quarter. Atomi Financial Group Inc. now owns 1,195 shares of the business services provider’s stock worth $617,000 after acquiring an additional 143 shares during the period. Strategic Wealth Partners Ltd. lifted its position in S&P Global by 9.5% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 2,609 shares of the business services provider’s stock worth $1,348,000 after acquiring an additional 227 shares during the period. Hexagon Capital Partners LLC grew its stake in shares of S&P Global by 36.2% in the 3rd quarter. Hexagon Capital Partners LLC now owns 158 shares of the business services provider’s stock valued at $82,000 after purchasing an additional 42 shares during the last quarter. Finally, Wedmont Private Capital increased its holdings in shares of S&P Global by 15.6% in the third quarter. Wedmont Private Capital now owns 4,187 shares of the business services provider’s stock valued at $2,120,000 after purchasing an additional 565 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Up 0.8 %

NYSE:SPGI opened at $518.52 on Friday. The company has a market capitalization of $160.90 billion, a PE ratio of 45.76, a price-to-earnings-growth ratio of 2.40 and a beta of 1.20. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The stock has a fifty day simple moving average of $506.01 and a 200-day simple moving average of $505.23. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a $0.96 dividend. The ex-dividend date is Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. S&P Global’s dividend payout ratio is currently 32.13%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SPGI. Morgan Stanley lifted their price objective on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. dropped their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company reduced their price objective on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. BMO Capital Markets boosted their target price on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Finally, Citigroup initiated coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $584.54.

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.