SVB Wealth LLC Purchases Shares of 4,584 S&P Global Inc. (NYSE:SPGI)

SVB Wealth LLC acquired a new position in S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,584 shares of the business services provider’s stock, valued at approximately $2,283,000.

Several other institutional investors have also added to or reduced their stakes in the business. Nordea Investment Management AB lifted its stake in shares of S&P Global by 52.0% during the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after buying an additional 225,370 shares during the period. GDS Wealth Management lifted its position in S&P Global by 7.0% during the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock worth $14,134,000 after acquiring an additional 1,801 shares during the period. Sanctuary Advisors LLC grew its stake in S&P Global by 12.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after purchasing an additional 3,093 shares during the last quarter. Eastern Bank increased its holdings in shares of S&P Global by 3.1% in the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock valued at $24,980,000 after purchasing an additional 1,530 shares during the period. Finally, Oddo BHF Asset Management Sas purchased a new position in shares of S&P Global in the third quarter worth about $27,170,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SPGI. Citigroup started coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. BMO Capital Markets upped their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. 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 research report on Wednesday, February 12th. Finally, Wells Fargo & Company increased their price target on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $590.23.

S&P Global Stock Performance

Shares of SPGI stock opened at $534.09 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. The business’s 50 day moving average is $513.75 and its two-hundred day moving average is $510.82. The company has a market capitalization of $164.39 billion, a P/E ratio of 43.25, a P/E/G ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter last year, the business posted $3.13 EPS. Analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. This is a positive change 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 dividend on an annualized basis and a dividend yield of 0.72%. S&P Global’s dividend 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.