Portfolio Design Labs LLC Has $2.42 Million Stake in S&P Global Inc. (NYSE:SPGI)

Portfolio Design Labs LLC raised its stake in shares of S&P Global Inc. (NYSE:SPGI) by 36.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,865 shares of the business services provider’s stock after purchasing an additional 1,308 shares during the period. Portfolio Design Labs LLC’s holdings in S&P Global were worth $2,423,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. New Republic Capital LLC boosted its stake in shares of S&P Global by 6.6% during the 4th quarter. New Republic Capital LLC now owns 564 shares of the business services provider’s stock valued at $281,000 after buying an additional 35 shares during the period. Collier Financial acquired a new stake in shares of S&P Global during the 4th quarter valued at $2,931,000. Compound Global Advisors LLC acquired a new stake in shares of S&P Global during the 4th quarter valued at $479,000. Peterson Wealth Services boosted its stake in shares of S&P Global by 10.0% during the 4th quarter. Peterson Wealth Services now owns 736 shares of the business services provider’s stock valued at $367,000 after buying an additional 67 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of S&P Global during the 4th quarter valued at $116,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI opened at $540.80 on Wednesday. The company has a market capitalization of $167.81 billion, a PE ratio of 47.73, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. S&P Global Inc. has a one year low of $407.69 and a one year high of $542.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The company’s fifty day moving average price is $505.68 and its 200 day moving average price is $506.00.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. During the same period in the prior year, the firm posted $3.13 EPS. As a group, analysts expect that S&P Global Inc. will post 15.34 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.71%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SPGI shares. Stifel Nicolaus raised their price target on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. UBS Group raised their price target 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. Robert W. Baird raised their price target on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Wells Fargo & Company cut their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. cut 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. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, 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.