Scholtz & Company LLC Has $4.10 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Scholtz & Company LLC increased its holdings in S&P Global Inc. (NYSE:SPGI) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,236 shares of the business services provider’s stock after buying an additional 412 shares during the period. S&P Global accounts for 2.0% of Scholtz & Company LLC’s holdings, making the stock its 19th largest position. Scholtz & Company LLC’s holdings in S&P Global were worth $4,102,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Howard Capital Management Group LLC raised its stake in S&P Global by 3.2% in the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock valued at $471,000 after purchasing an additional 28 shares in the last quarter. Bamco Inc. NY increased its holdings in S&P Global by 2.8% in the 3rd quarter. Bamco Inc. NY now owns 45,241 shares of the business services provider’s stock valued at $23,372,000 after buying an additional 1,230 shares during the period. Centiva Capital LP acquired a new position in shares of S&P Global in the 3rd quarter valued at approximately $478,000. Hilltop Holdings Inc. raised its position in shares of S&P Global by 605.7% in the 3rd quarter. Hilltop Holdings Inc. now owns 13,323 shares of the business services provider’s stock valued at $6,882,000 after buying an additional 11,435 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of S&P Global by 7.9% during the 3rd quarter. HighTower Advisors LLC now owns 173,802 shares of the business services provider’s stock worth $89,939,000 after acquiring an additional 12,719 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Up 0.5 %

NYSE:SPGI opened at $510.66 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The firm’s 50 day simple moving average is $515.35 and its 200 day simple moving average is $509.96. The company has a market cap of $160.26 billion, a PE ratio of 41.35, a P/E/G ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share 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 period in the previous year, the business earned $3.13 EPS. On average, research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. S&P Global’s dividend payout ratio is presently 31.09%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SPGI shares. UBS Group boosted their price objective on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Wells Fargo & Company lifted their price target on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Morgan Stanley upped 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. Evercore ISI lifted their target price on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $590.86.

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.