GeoWealth Management LLC Boosts Holdings in S&P Global Inc. (NYSE:SPGI)

GeoWealth Management LLC raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 14.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,595 shares of the business services provider’s stock after buying an additional 578 shares during the period. GeoWealth Management LLC’s holdings in S&P Global were worth $2,288,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Capital International Sarl increased its holdings in S&P Global by 4.1% in the 4th quarter. Capital International Sarl now owns 61,139 shares of the business services provider’s stock worth $30,449,000 after acquiring an additional 2,404 shares in the last quarter. Allred Capital Management LLC increased its stake in shares of S&P Global by 22.3% in the fourth quarter. Allred Capital Management LLC now owns 1,730 shares of the business services provider’s stock worth $862,000 after purchasing an additional 316 shares in the last quarter. Alpha DNA Investment Management LLC bought a new stake in shares of S&P Global during the 4th quarter valued at $341,000. Foster Dykema Cabot & Partners LLC lifted its stake in shares of S&P Global by 57.3% during the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 2,839 shares of the business services provider’s stock valued at $1,414,000 after buying an additional 1,034 shares in the last quarter. Finally, Global Endowment Management LP bought a new position in S&P Global in the 4th quarter worth $1,023,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

SPGI opened at $462.55 on Friday. The company has a market capitalization of $145.17 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 2.41 and a beta of 1.26. 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 Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. The business’s fifty day simple moving average is $499.33 and its 200-day simple moving average is $504.61.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating 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 last year, the company posted $3.13 earnings per share. On average, equities research 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 business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was 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 (DPR) is 31.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SPGI shares. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. dropped their price target on S&P Global from $618.00 to $565.00 and set an “overweight” rating for the company in a research note on Wednesday. Oppenheimer reduced their price objective on shares of 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. UBS Group upped their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, BMO Capital Markets lifted their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price of $591.86.

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.