DRW Securities LLC Raises Holdings in S&P Global Inc. (NYSE:SPGI)

DRW Securities LLC increased its position in S&P Global Inc. (NYSE:SPGI) by 161.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,580 shares of the business services provider’s stock after buying an additional 1,594 shares during the period. DRW Securities LLC’s holdings in S&P Global were worth $1,284,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Human Investing LLC purchased a new position in shares of S&P Global in the 4th quarter worth $30,000. Noble Wealth Management PBC purchased a new position in S&P Global in the fourth quarter valued at about $31,000. Hazlett Burt & Watson Inc. raised its position in S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 38 shares during the period. Sound Income Strategies LLC raised its position in S&P Global by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 63 shares during the period. Finally, BankPlus Trust Department purchased a new position in S&P Global in the fourth quarter valued at about $40,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on SPGI. Morgan Stanley raised their price objective on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Evercore ISI raised their price objective on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Citigroup initiated coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective on the stock. Oppenheimer dropped their target price 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. Finally, StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $590.86.

S&P Global Trading Up 7.5 %

SPGI opened at $474.73 on Thursday. The firm’s fifty day moving average is $507.01 and its two-hundred day moving average is $506.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $148.99 billion, a PE ratio of 38.44, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS 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 quarter last year, the business earned $3.13 EPS. Equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a $0.96 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.81%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is 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.