Foster Victor Wealth Advisors LLC Increases Position in S&P Global Inc. (NYSE:SPGI)

Foster Victor Wealth Advisors LLC raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 11.1% during the fourth quarter, HoldingsChannel reports. The firm owned 28,512 shares of the business services provider’s stock after purchasing an additional 2,859 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in S&P Global were worth $14,309,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SPGI. Robeco Institutional Asset Management B.V. grew its holdings in shares of S&P Global by 52.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 720,517 shares of the business services provider’s stock valued at $358,839,000 after purchasing an additional 249,242 shares during the last quarter. Sumitomo Life Insurance Co. increased its holdings in S&P Global by 21.1% during the 4th quarter. Sumitomo Life Insurance Co. now owns 26,838 shares of the business services provider’s stock valued at $13,366,000 after purchasing an additional 4,671 shares during the period. SteelPeak Wealth LLC bought a new position in S&P Global during the 4th quarter valued at approximately $1,224,000. Mayflower Financial Advisors LLC lifted its holdings in S&P Global by 33.7% in the 4th quarter. Mayflower Financial Advisors LLC now owns 1,304 shares of the business services provider’s stock worth $650,000 after buying an additional 329 shares during the period. Finally, BSW Wealth Partners grew its position in shares of S&P Global by 6.6% in the 4th quarter. BSW Wealth Partners now owns 1,420 shares of the business services provider’s stock worth $707,000 after buying an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of research analyst reports. Oppenheimer dropped their price target 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. BMO Capital Markets raised their target price on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Stifel Nicolaus boosted 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. Wells Fargo & Company decreased their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Finally, Evercore ISI assumed coverage on S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective on the stock. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Stock Performance

S&P Global stock opened at $520.54 on Wednesday. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $161.52 billion, a P/E ratio of 45.94, a PEG ratio of 2.36 and a beta of 1.20. The stock’s 50 day moving average is $505.75 and its 200 day moving average is $503.99.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a $0.96 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global’s dividend payout ratio is currently 32.13%.

S&P Global Company 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.