Leo Wealth LLC Buys 1,555 Shares of S&P Global Inc. (NYSE:SPGI)

Leo Wealth LLC lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 159.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,531 shares of the business services provider’s stock after purchasing an additional 1,555 shares during the quarter. Leo Wealth LLC’s holdings in S&P Global were worth $1,261,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SPGI. Northwest Investment Counselors LLC purchased a new position in shares of S&P Global during the 3rd quarter valued at $27,000. First Personal Financial Services purchased a new position in S&P Global during the third quarter worth about $29,000. Capital Performance Advisors LLP purchased a new position in S&P Global during the third quarter worth about $31,000. Voisard Asset Management Group Inc. increased its stake in S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after acquiring an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC raised its holdings in shares of S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the subject of several recent analyst reports. Robert W. Baird boosted their price objective on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Morgan Stanley increased their price target on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Wells Fargo & Company dropped 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 report on Friday, January 10th. JPMorgan Chase & Co. reduced their target price on 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. Finally, Stifel Nicolaus lifted their price target on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Price Performance

Shares of S&P Global stock opened at $518.52 on Friday. 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 one year low of $407.69 and a one year high of $533.29. The business’s 50 day simple moving average is $506.01 and its two-hundred day simple moving average is $505.23. The stock has a market capitalization of $160.90 billion, a P/E ratio of 45.76, a price-to-earnings-growth ratio of 2.40 and a beta of 1.20.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. 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 yield of 0.74%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio is currently 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.