Snider Financial Group Has $2.64 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Snider Financial Group lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,298 shares of the business services provider’s stock after buying an additional 281 shares during the period. Snider Financial Group’s holdings in S&P Global were worth $2,638,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. First Personal Financial Services acquired a new stake in S&P Global in the 3rd quarter valued at approximately $29,000. Capital Performance Advisors LLP acquired a new stake in shares of S&P Global in the third quarter worth $31,000. Human Investing LLC acquired a new stake in shares of S&P Global in the fourth quarter worth $30,000. Noble Wealth Management PBC acquired a new position in S&P Global during the 4th quarter valued at $31,000. Finally, Dunhill Financial LLC raised its stake in S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 34 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Down 2.5 %

SPGI opened at $516.24 on Wednesday. The firm has a 50 day simple moving average of $514.59 and a 200 day simple moving average of $511.38. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The company has a market cap of $158.90 billion, a price-to-earnings ratio of 41.80, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same period last year, the business posted $3.13 earnings per share. On average, sell-side analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently announced 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 boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.74%. S&P Global’s dividend payout ratio is presently 31.09%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Oppenheimer lowered their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Wells Fargo & Company boosted their target price on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, Citigroup assumed coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $590.23.

S&P Global Company 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.