Sovereign Investment Advisors LLC Takes $660,000 Position in S&P Global Inc. (NYSE:SPGI)

Sovereign Investment Advisors LLC purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,325 shares of the business services provider’s stock, valued at approximately $660,000.

Other hedge funds also recently modified their holdings of the company. Human Investing LLC acquired a new position in shares of S&P Global during the 4th quarter valued at $30,000. Noble Wealth Management PBC acquired a new position in shares of S&P Global during the 4th quarter valued at $31,000. Dunhill Financial LLC increased its position in shares of 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 period. Sound Income Strategies LLC boosted its stake in shares of S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after acquiring an additional 63 shares in the last quarter. Finally, BankPlus Trust Department bought a new stake in shares of S&P Global during the 4th quarter worth $40,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

SPGI opened at $486.67 on Friday. The stock has a market cap of $149.80 billion, a price-to-earnings ratio of 39.41, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average price of $513.56 and a 200 day moving average price of $510.94.

S&P Global (NYSE:SPGI) last released its quarterly earnings data 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 quarter in the previous year, the business earned $3.13 earnings per share. Analysts forecast 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 was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is 31.09%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SPGI shares. UBS Group raised their price objective on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Mizuho started coverage on S&P Global in a research note on Wednesday. They set an “outperform” rating and a $599.00 price objective for the company. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Evercore ISI raised their price objective on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Finally, Oppenheimer reduced their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $590.86.

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.