S&P Global Inc. (NYSE:SPGI) Position Lifted by Ghe LLC

Ghe LLC raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,504 shares of the business services provider’s stock after acquiring an additional 274 shares during the quarter. S&P Global makes up 2.8% of Ghe LLC’s portfolio, making the stock its 5th largest holding. Ghe LLC’s holdings in S&P Global were worth $6,976,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. First Personal Financial Services purchased a new position in shares of S&P Global during the 3rd quarter worth $29,000. Capital Performance Advisors LLP purchased a new position in shares of S&P Global during the 3rd quarter valued at $31,000. Human Investing LLC purchased a new position in shares of S&P Global during the 4th quarter valued at $30,000. Voisard Asset Management Group Inc. lifted its stake in shares of S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after buying an additional 27 shares in the last quarter. Finally, Dunhill Financial LLC lifted its stake 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 buying an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

S&P Global stock opened at $533.05 on Monday. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. The stock has a market cap of $164.07 billion, a P/E ratio of 43.16, a PEG ratio of 2.41 and a beta of 1.20. The company has a 50-day moving average price of $510.08 and a 200 day moving average price of $509.45. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same period last year, the business earned $3.13 earnings per share. Sell-side analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a $0.96 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.72%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is currently 31.09%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Stifel Nicolaus lifted their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday. Morgan Stanley lifted their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Finally, Evercore ISI lifted their price target on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target 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.