By otakuyassine3@gmail.com 
Avantra Family Wealth Inc. purchased a new position in S&P Global Inc. (NYSE:SPGI – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 646 shares of the business services provider’s stock, valued at approximately $322,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in SPGI. First National Corp MA ADV lifted its position in S&P Global by 0.9% in the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock valued at $1,211,000 after acquiring an additional 20 shares in the last quarter. Kathleen S. Wright Associates Inc. lifted its position in S&P Global by 25.0% in the 3rd quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 20 shares in the last quarter. Trust Point Inc. lifted its position in S&P Global by 1.4% in the 3rd quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock valued at $725,000 after acquiring an additional 20 shares in the last quarter. Headinvest LLC lifted its position in S&P Global by 2.0% in the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock valued at $515,000 after acquiring an additional 20 shares in the last quarter. Finally, EWA LLC lifted its holdings in shares of S&P Global by 4.2% during the 3rd quarter. EWA LLC now owns 498 shares of the business services provider’s stock valued at $254,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.
S&P Global Trading Down 0.4 %
Shares of SPGI stock opened at $521.44 on Friday. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $161.80 billion, a PE ratio of 46.02, a PEG ratio of 2.38 and a beta of 1.20. The stock has a fifty day simple moving average of $506.40 and a two-hundred day simple moving average of $504.59.
S&P Global Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is presently 32.13%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on SPGI. Oppenheimer lowered their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Citigroup began coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price target on the stock. Robert W. Baird increased their price target on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Stifel Nicolaus increased their price target on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, UBS Group increased their price target on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $584.54.
View Our Latest Stock Report on S&P Global
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.
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