New Republic Capital LLC Acquires 35 Shares of S&P Global Inc. (NYSE:SPGI)

New Republic Capital LLC lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 6.6% in the 4th quarter, Holdings Channel reports. The firm owned 564 shares of the business services provider’s stock after acquiring an additional 35 shares during the period. New Republic Capital LLC’s holdings in S&P Global were worth $281,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Exchange Traded Concepts LLC grew its stake in shares of S&P Global by 163.5% in the third quarter. Exchange Traded Concepts LLC now owns 224 shares of the business services provider’s stock worth $116,000 after acquiring an additional 139 shares during the period. Koshinski Asset Management Inc. bought a new stake in S&P Global in the 3rd quarter worth approximately $216,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in S&P Global during the 3rd quarter valued at $286,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in S&P Global by 8.6% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,660 shares of the business services provider’s stock valued at $1,374,000 after buying an additional 211 shares during the last quarter. Finally, Accelerate Investment Advisors LLC bought a new position in shares of S&P Global during the 3rd quarter valued at $296,000. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Performance

SPGI stock opened at $514.26 on Tuesday. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The firm has a market cap of $159.58 billion, a price-to-earnings ratio of 45.39, a PEG ratio of 2.39 and a beta of 1.20. The business’s fifty day simple moving average is $505.85 and its two-hundred day simple moving average is $505.78. 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 business also recently disclosed 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. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SPGI shares. Citigroup initiated coverage on shares of S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 price target on the stock. JPMorgan Chase & Co. reduced 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 report on Friday, October 25th. Robert W. Baird boosted their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Morgan Stanley upped their price objective on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, UBS Group raised their target price on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.