Whipplewood Advisors LLC Invests $98,000 in S&P Global Inc. (NYSE:SPGI)

Whipplewood Advisors LLC bought a new position in S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 197 shares of the business services provider’s stock, valued at approximately $98,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SPGI. Headinvest LLC grew its position in shares of S&P Global by 2.0% during the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock valued at $515,000 after buying an additional 20 shares during the last quarter. EWA LLC grew its position in shares of S&P Global by 4.2% during the 3rd quarter. EWA LLC now owns 498 shares of the business services provider’s stock valued at $254,000 after buying an additional 20 shares during the last quarter. Continuum Advisory LLC grew its position in shares of S&P Global by 1.3% during the 3rd quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock valued at $788,000 after buying an additional 20 shares during the last quarter. Fullcircle Wealth LLC grew its position in shares of S&P Global by 1.2% during the 3rd quarter. Fullcircle Wealth LLC now owns 1,789 shares of the business services provider’s stock valued at $872,000 after buying an additional 21 shares during the last quarter. Finally, Archer Investment Corp grew its position in shares of S&P Global by 21.0% during the 3rd quarter. Archer Investment Corp now owns 127 shares of the business services provider’s stock valued at $66,000 after buying an additional 22 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of recent research reports. StockNews.com downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Citigroup began coverage on shares of S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. Oppenheimer reduced their target price on shares of 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. UBS Group boosted their target price on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, 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 note on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $590.23.

S&P Global Trading Down 0.7 %

Shares of NYSE:SPGI opened at $525.77 on Friday. The company has a 50 day moving average of $512.90 and a 200-day moving average of $510.33. The firm has a market cap of $161.83 billion, a P/E ratio of 42.57, a P/E/G ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. 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 (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the company posted $3.13 earnings per share. As a group, analysts anticipate that S&P Global Inc. will post 17.11 earnings per share 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. Investors of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.73%. S&P Global’s dividend payout ratio is currently 31.09%.

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.