Avion Wealth Raises Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Avion Wealth boosted its stake in S&P Global Inc. (NYSE:SPGI) by 403.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 136 shares of the business services provider’s stock after buying an additional 109 shares during the period. Avion Wealth’s holdings in S&P Global were worth $67,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Exchange Traded Concepts LLC increased its stake in S&P Global by 163.5% during the third quarter. Exchange Traded Concepts LLC now owns 224 shares of the business services provider’s stock worth $116,000 after purchasing an additional 139 shares during the period. Koshinski Asset Management Inc. acquired a new stake in shares of S&P Global in the third quarter valued at approximately $216,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in shares of S&P Global during the third quarter worth approximately $286,000. ORG Wealth Partners LLC purchased a new stake in shares of S&P Global during the third quarter worth approximately $231,000. Finally, Wedge Capital Management L L P NC purchased a new position in S&P Global in the third quarter worth $263,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Robert W. Baird raised their price target on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Citigroup began coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. Wells Fargo & Company reduced their price objective on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Finally, Morgan Stanley raised their target price on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and a consensus target price of $584.54.

S&P Global Trading Up 4.9 %

NYSE:SPGI opened at $540.80 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $542.00. The business has a 50 day simple moving average of $505.68 and a 200 day simple moving average of $506.00. The firm has a market capitalization of $167.81 billion, a P/E ratio of 47.73, a P/E/G ratio of 2.39 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted 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 return on equity of 13.72% and a net margin of 25.80%. During the same period in the prior year, the firm posted $3.13 EPS. Equities research analysts predict that S&P Global Inc. will post 15.34 EPS for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend 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 dividend on an annualized basis and a dividend yield of 0.71%. S&P Global’s payout ratio is 32.13%.

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.