Mitchell Sinkler & Starr PA Has $885,000 Stake in S&P Global Inc. (NYSE:SPGI)

Mitchell Sinkler & Starr PA boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 38.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,009 shares of the business services provider’s stock after purchasing an additional 560 shares during the period. Mitchell Sinkler & Starr PA’s holdings in S&P Global were worth $885,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Private Wealth Management Group LLC bought a new stake in shares of S&P Global during the 4th quarter worth about $26,000. Valued Wealth Advisors LLC bought a new stake in shares of S&P Global during the 4th quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group boosted its holdings in shares of S&P Global by 64.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after buying an additional 25 shares during the period. Fortis Group Advisors LLC bought a new stake in shares of S&P Global during the 3rd quarter worth about $33,000. Finally, LFA Lugano Financial Advisors SA boosted its holdings in shares of S&P Global by 200.0% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock worth $33,000 after buying an additional 50 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on SPGI shares. Barclays lifted their target price on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Oppenheimer lifted their price objective on shares of S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Stifel Nicolaus lifted their price objective on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. BMO Capital Markets lifted their price objective on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $467.89.

S&P Global Price Performance

Shares of NYSE:SPGI traded down $5.10 during midday trading on Tuesday, hitting $433.14. The stock had a trading volume of 351,966 shares, compared to its average volume of 1,325,926. The company’s 50-day moving average price is $425.10 and its 200-day moving average price is $428.09. The company has a market capitalization of $135.53 billion, a P/E ratio of 49.13, a price-to-earnings-growth ratio of 2.43 and a beta of 1.14. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $461.16.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.33. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. As a group, equities research analysts predict that S&P Global Inc. will post 14.1 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Wednesday, May 29th. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.