ICW Investment Advisors LLC Purchases 75 Shares of S&P Global Inc. (NYSE:SPGI)

ICW Investment Advisors LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 6.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,209 shares of the business services provider’s stock after buying an additional 75 shares during the quarter. ICW Investment Advisors LLC’s holdings in S&P Global were worth $602,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPGI. Raymond James Financial Inc. bought a new position in shares of S&P Global during the 4th quarter worth $527,207,000. Proficio Capital Partners LLC lifted its stake in shares of S&P Global by 71,024.1% during the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock worth $308,525,000 after purchasing an additional 618,620 shares during the last quarter. FMR LLC lifted its stake in shares of S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after purchasing an additional 369,598 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of S&P Global during the 4th quarter worth $144,091,000. Finally, Wellington Management Group LLP lifted its stake in shares of S&P Global by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after purchasing an additional 292,436 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.1 %

S&P Global stock opened at $497.62 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The company has a market capitalization of $153.17 billion, a price-to-earnings ratio of 40.29, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The stock has a 50-day moving average price of $513.85 and a 200 day moving average price of $510.40.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping 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 prior year, the business earned $3.13 earnings per share. Sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.96 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.77%. The ex-dividend date was Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is currently 31.09%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of analyst reports. Citigroup initiated coverage on S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. Oppenheimer decreased 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. Mizuho initiated coverage on S&P Global in a research note on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price objective for the company. Evercore ISI upped 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, UBS Group upped 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. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.