Platform Technology Partners Buys 61 Shares of S&P Global Inc. (NYSE:SPGI)

Platform Technology Partners lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,509 shares of the business services provider’s stock after acquiring an additional 61 shares during the quarter. Platform Technology Partners’ holdings in S&P Global were worth $1,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new stake in S&P Global during the 3rd quarter worth about $27,000. First Personal Financial Services bought a new stake in shares of S&P Global during the 3rd quarter valued at about $29,000. Capital Performance Advisors LLP acquired a new stake in S&P Global during the third quarter worth approximately $31,000. Voisard Asset Management Group Inc. increased its holdings in S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after purchasing an additional 27 shares in the last quarter. Finally, Dunhill Financial LLC increased its holdings in S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after purchasing an additional 34 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of SPGI opened at $519.00 on Friday. The firm has a market capitalization of $161.05 billion, a P/E ratio of 45.81, a P/E/G ratio of 2.40 and a beta of 1.20. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29. The stock has a 50 day moving average price of $505.92 and a two-hundred day moving average price of $505.32. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.74%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is 32.13%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SPGI. Oppenheimer cut 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 shares of S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Robert W. Baird increased their price objective on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Morgan Stanley boosted their target price on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $584.54.

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.