S&P Global Inc. (NYSE:SPGI) Shares Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC increased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 19.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,746 shares of the business services provider’s stock after purchasing an additional 6,051 shares during the quarter. Wealthfront Advisers LLC’s holdings in S&P Global were worth $18,799,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Capital Performance Advisors LLP purchased a new position in S&P Global in the 3rd quarter valued at approximately $31,000. Human Investing LLC acquired a new stake in S&P Global in the 4th quarter valued at approximately $30,000. Noble Wealth Management PBC bought a new position in shares of S&P Global during the 4th quarter valued at about $31,000. Dunhill Financial LLC grew 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 acquiring an additional 34 shares in the last quarter. Finally, Sound Income Strategies LLC raised its holdings in S&P Global by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after buying an additional 63 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Down 1.6 %

Shares of NYSE SPGI opened at $480.51 on Wednesday. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39. The firm has a market capitalization of $147.90 billion, a price-to-earnings ratio of 38.91, a PEG ratio of 2.41 and a beta of 1.20. The stock has a 50 day moving average price of $514.52 and a 200 day moving average price of $511.46. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share 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 quarter last year, the firm posted $3.13 earnings per share. Sell-side analysts expect 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 paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.80%. This is an increase 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 payout ratio is 31.09%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SPGI. BMO Capital Markets lifted their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. 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 increased their target price on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Morgan Stanley boosted their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus target price of $590.23.

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.