Soltis Investment Advisors LLC Acquires 125 Shares of S&P Global Inc. (NYSE:SPGI)

Soltis Investment Advisors LLC increased its stake in S&P Global Inc. (NYSE:SPGI) by 30.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 541 shares of the business services provider’s stock after acquiring an additional 125 shares during the period. Soltis Investment Advisors LLC’s holdings in S&P Global were worth $269,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new position in shares of S&P Global during the 3rd quarter worth about $27,000. First Personal Financial Services purchased a new position in shares of S&P Global during the third quarter valued at approximately $29,000. Capital Performance Advisors LLP purchased a new position in shares of S&P Global during the third quarter valued at approximately $31,000. Voisard Asset Management Group Inc. boosted its position in shares of S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after buying an additional 27 shares during the period. Finally, Dunhill Financial LLC grew its stake in shares of S&P Global by 94.4% during the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after buying an additional 34 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $540.80 on Wednesday. The firm has a 50 day moving average of $505.68 and a 200 day moving average of $506.00. 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 $167.81 billion, a price-to-earnings ratio of 47.73, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $542.00.

S&P Global (NYSE:SPGI) last released its quarterly 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 return on equity of 13.72% and a net margin of 25.80%. During the same period last year, the business posted $3.13 earnings per share. On average, sell-side analysts predict that S&P Global Inc. will post 15.34 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued 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 0.71%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

Analyst Upgrades and Downgrades

SPGI has been the topic of several research analyst reports. BMO Capital Markets upped their price objective on S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. Stifel Nicolaus upped their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Oppenheimer decreased their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Robert W. Baird upped their target price on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, 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. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and an average price target of $584.54.

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.