Meridian Wealth Management LLC Has $3.34 Million Position in S&P Global Inc. (NYSE:SPGI)

Meridian Wealth Management LLC lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 5.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,700 shares of the business services provider’s stock after selling 398 shares during the period. Meridian Wealth Management LLC’s holdings in S&P Global were worth $3,337,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SPGI. First Personal Financial Services bought a new position in shares of S&P Global during the 3rd quarter worth about $29,000. Human Investing LLC bought a new stake in shares of S&P Global in the fourth quarter valued at about $30,000. Capital Performance Advisors LLP acquired a new stake in S&P Global during the third quarter worth about $31,000. Noble Wealth Management PBC bought a new position in S&P Global during the fourth quarter valued at about $31,000. Finally, Dunhill Financial LLC raised its holdings 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 valued at $36,000 after acquiring an additional 34 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 0.9 %

Shares of SPGI opened at $528.98 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $162.82 billion, a price-to-earnings ratio of 42.83, a PEG ratio of 2.41 and a beta of 1.20. The stock has a fifty day moving average price of $514.36 and a two-hundred day moving average price of $511.20. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period in the previous year, the business earned $3.13 earnings per share. Analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal 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. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.73%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio is presently 31.09%.

Analyst Upgrades and Downgrades

SPGI has been the topic of several recent research reports. Wells Fargo & Company lifted their price objective on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Evercore ISI lifted their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. BMO Capital Markets increased their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, UBS Group increased their price target on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $590.23.

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.