S&P Global Inc. (NYSE:SPGI) Stake Raised by Avion Wealth

Avion Wealth increased its holdings in S&P Global Inc. (NYSE:SPGI) by 403.7% in the 4th quarter, Holdings Channel reports. The fund owned 136 shares of the business services provider’s stock after purchasing an additional 109 shares during the period. Avion Wealth’s holdings in S&P Global were worth $67,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SPGI. Northwest Investment Counselors LLC acquired a new position in S&P Global in the 3rd quarter worth about $27,000. First Personal Financial Services acquired a new position in S&P Global in the 3rd quarter worth about $29,000. Capital Performance Advisors LLP acquired a new position in S&P Global in the 3rd quarter worth about $31,000. Voisard Asset Management Group Inc. increased its position 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 purchasing an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC increased its position in S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after purchasing an additional 34 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

SPGI opened at $540.80 on Wednesday. The firm has a market capitalization of $167.81 billion, a P/E ratio of 47.73, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. The stock’s 50 day moving average price is $505.68 and its two-hundred day moving average price is $506.00. 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 Inc. has a 12-month low of $407.69 and a 12-month high of $542.00.

S&P Global (NYSE:SPGI) last announced 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 company posted $3.13 earnings per share. On average, equities analysts forecast that S&P Global Inc. will post 15.34 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently disclosed 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 is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.71%. S&P Global’s payout ratio is presently 32.13%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Oppenheimer dropped their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Citigroup assumed coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. Wells Fargo & Company dropped their target price on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. UBS Group increased their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus increased their price objective on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Profile

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.