Consolidated Planning Corp Has $3.79 Million Position in S&P Global Inc. (NYSE:SPGI)

Consolidated Planning Corp raised its holdings in S&P Global Inc. (NYSE:SPGI) by 2.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,602 shares of the business services provider’s stock after purchasing an additional 206 shares during the period. Consolidated Planning Corp’s holdings in S&P Global were worth $3,786,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC grew its stake in shares of S&P Global by 163.5% during the third quarter. Exchange Traded Concepts LLC now owns 224 shares of the business services provider’s stock worth $116,000 after purchasing an additional 139 shares during the period. Koshinski Asset Management Inc. bought a new position in S&P Global during the third quarter worth about $216,000. Wedge Capital Management L L P NC bought a new stake in shares of S&P Global in the 3rd quarter valued at about $263,000. Creative Planning increased its stake in shares of S&P Global by 13.0% in the 3rd quarter. Creative Planning now owns 51,561 shares of the business services provider’s stock valued at $26,638,000 after acquiring an additional 5,913 shares during the last quarter. Finally, Swedbank AB raised its position in shares of S&P Global by 11.8% in the 3rd quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock valued at $450,280,000 after acquiring an additional 92,115 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SPGI. Robert W. Baird boosted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. BMO Capital Markets boosted their price target on shares of S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. Morgan Stanley raised their price objective on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday. UBS Group boosted their target price on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Oppenheimer dropped their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $586.85.

S&P Global Stock Down 1.8 %

NYSE:SPGI opened at $530.93 on Thursday. The firm has a market capitalization of $164.75 billion, a price-to-earnings ratio of 46.86, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $542.00. The stock’s 50 day moving average price is $506.13 and its two-hundred day moving average price is $506.36.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. During the same period in the prior year, the firm posted $3.13 earnings per share. Equities research analysts expect that S&P Global Inc. will post 15.34 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is 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.