Tritonpoint Wealth LLC Increases Stake in S&P Global Inc. (NYSE:SPGI)

Tritonpoint Wealth LLC increased its holdings in S&P Global Inc. (NYSE:SPGI) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,782 shares of the business services provider’s stock after purchasing an additional 51 shares during the quarter. Tritonpoint Wealth LLC’s holdings in S&P Global were worth $888,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. First National Corp MA ADV increased its stake in shares of S&P Global by 0.9% in the third quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock worth $1,211,000 after buying an additional 20 shares during the period. Kathleen S. Wright Associates Inc. increased its position in shares of S&P Global by 25.0% in the third 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 during the period. Trust Point Inc. raised its stake in shares of S&P Global by 1.4% during the third 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 during the last quarter. Headinvest LLC boosted its holdings in shares of S&P Global by 2.0% during the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after purchasing an additional 20 shares during the period. Finally, EWA LLC grew its stake in shares of S&P Global by 4.2% in the third quarter. EWA LLC now owns 498 shares of the business services provider’s stock worth $254,000 after purchasing an additional 20 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on SPGI shares. Stifel Nicolaus upped their price target on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. BMO Capital Markets raised their price target on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Citigroup initiated coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective on the stock. JPMorgan Chase & Co. dropped their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Robert W. Baird boosted their price target on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Two equities research 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 currently has a consensus rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $521.44 on Monday. The company has a market cap of $161.80 billion, a PE ratio of 46.02, a PEG ratio of 2.38 and a beta of 1.20. The firm’s 50-day moving average price is $506.40 and its 200-day moving average price is $504.59. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a $0.96 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is 33.89%.

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.