Blue Zone Wealth Advisors LLC Buys 175 Shares of S&P Global Inc. (NYSE:SPGI)

Blue Zone Wealth Advisors LLC grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,253 shares of the business services provider’s stock after buying an additional 175 shares during the quarter. S&P Global makes up 1.6% of Blue Zone Wealth Advisors LLC’s holdings, making the stock its 22nd biggest holding. Blue Zone Wealth Advisors LLC’s holdings in S&P Global were worth $5,604,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Trust Point Inc. grew 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 worth $725,000 after buying an additional 20 shares during the last quarter. Headinvest LLC grew its stake in shares of S&P Global by 2.0% in 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 last quarter. 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. Continuum Advisory LLC grew its stake in shares of S&P Global by 1.3% in the third quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock worth $788,000 after purchasing an additional 20 shares during the last quarter. Finally, Fullcircle Wealth LLC grew its stake in shares of S&P Global by 1.2% in the third quarter. Fullcircle Wealth LLC now owns 1,789 shares of the business services provider’s stock worth $872,000 after purchasing an additional 21 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 0.5 %

NYSE:SPGI opened at $539.77 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a 50-day moving average of $507.39 and a 200-day moving average of $507.13. The company has a market cap of $167.49 billion, a PE ratio of 47.64, a PEG ratio of 2.39 and a beta of 1.20. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. During the same quarter in the prior year, the firm earned $3.13 earnings per share. As a group, equities research analysts expect that S&P Global Inc. will post 15.34 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.71%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio is presently 32.13%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SPGI. Citigroup began coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective on the stock. StockNews.com raised shares of S&P Global from a “hold” rating to a “buy” rating in a research note on Wednesday. Morgan Stanley boosted their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday. Robert W. Baird boosted their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, BMO Capital Markets boosted their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $587.92.

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.