Creative Financial Designs Inc. ADV Sells 70 Shares of S&P Global Inc. (NYSE:SPGI)

Creative Financial Designs Inc. ADV lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 49.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 71 shares of the business services provider’s stock after selling 70 shares during the period. Creative Financial Designs Inc. ADV’s holdings in S&P Global were worth $35,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. SlateStone Wealth LLC increased its stake in S&P Global by 3.0% in the 4th quarter. SlateStone Wealth LLC now owns 2,219 shares of the business services provider’s stock worth $1,105,000 after buying an additional 65 shares in the last quarter. Glenview Trust co increased its stake in S&P Global by 7.6% in the 4th quarter. Glenview Trust co now owns 27,804 shares of the business services provider’s stock worth $13,847,000 after buying an additional 1,966 shares in the last quarter. Sovereign Investment Advisors LLC purchased a new stake in S&P Global in the 4th quarter worth $660,000. Corient Private Wealth LLC boosted its holdings in shares of S&P Global by 10.5% during the 4th quarter. Corient Private Wealth LLC now owns 636,973 shares of the business services provider’s stock valued at $315,492,000 after purchasing an additional 60,740 shares during the last quarter. Finally, Gitterman Wealth Management LLC boosted its holdings in shares of S&P Global by 5.7% during the 4th quarter. Gitterman Wealth Management LLC now owns 483 shares of the business services provider’s stock valued at $241,000 after purchasing an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on SPGI. UBS Group increased their price objective on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Wells Fargo & Company increased their price objective on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Citigroup began coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. StockNews.com downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Evercore ISI increased their price objective on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $590.86.

S&P Global Stock Up 0.1 %

Shares of NYSE SPGI opened at $497.62 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $153.17 billion, a P/E ratio of 40.29, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The firm has a 50-day simple moving average of $513.85 and a two-hundred day simple moving average of $510.42.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) 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 prior year, the company earned $3.13 earnings per share. 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.77%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is presently 31.09%.

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.