Private Advisor Group LLC Has $4.04 Million Position in S&P Global Inc. (NYSE:SPGI)

Private Advisor Group LLC trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,113 shares of the business services provider’s stock after selling 316 shares during the quarter. Private Advisor Group LLC’s holdings in S&P Global were worth $4,040,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPGI. First Personal Financial Services acquired a new stake in S&P Global in the third quarter valued at $29,000. Human Investing LLC acquired a new stake in shares of S&P Global in the fourth quarter valued at about $30,000. Capital Performance Advisors LLP bought a new position in shares of S&P Global during the third quarter worth about $31,000. Voisard Asset Management Group Inc. lifted its stake in shares of 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 acquiring an additional 27 shares during the period. Finally, Dunhill Financial LLC boosted 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 valued at $36,000 after acquiring an additional 34 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of recent analyst reports. Evercore ISI boosted their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Stifel Nicolaus upped their price target on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Morgan Stanley lifted their price objective on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Citigroup assumed coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $590.23.

S&P Global Stock Performance

Shares of SPGI stock opened at $533.05 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $510.08 and a two-hundred day simple moving average of $509.45. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The firm has a market capitalization of $164.07 billion, a PE ratio of 43.16, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.

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 27.12% and a return on equity of 14.33%. During the same quarter in the prior year, the firm earned $3.13 earnings per share. Analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a dividend of $0.96 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.72%. S&P Global’s payout ratio is presently 31.09%.

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.