Operose Advisors LLC Has $129,000 Holdings in S&P Global Inc. (NYSE:SPGI)

Operose Advisors LLC decreased its position in S&P Global Inc. (NYSE:SPGI) by 42.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 259 shares of the business services provider’s stock after selling 191 shares during the quarter. Operose Advisors LLC’s holdings in S&P Global were worth $129,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Human Investing LLC acquired a new stake in S&P Global in the 4th quarter valued at $30,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global in the fourth quarter valued at about $31,000. Hazlett Burt & Watson Inc. boosted its position in S&P Global by 131.0% during 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 last quarter. Sound Income Strategies LLC increased its position in shares of S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after purchasing an additional 63 shares during the last quarter. Finally, BankPlus Trust Department acquired a new stake in shares of S&P Global in the 4th quarter valued at approximately $40,000. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports 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. Bank of America assumed coverage on shares of S&P Global in a research report on Thursday, April 10th. They issued a “buy” rating and a $600.00 price objective on the stock. UBS Group lifted their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Oppenheimer lowered their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Finally, Wells Fargo & Company upped their target price on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $595.14.

S&P Global Stock Performance

NYSE SPGI opened at $471.68 on Tuesday. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The firm has a market capitalization of $148.03 billion, a price-to-earnings ratio of 38.19, a P/E/G 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. The firm’s 50 day simple moving average is $503.97 and its 200 day simple moving average is $505.85.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period last year, the business posted $3.13 EPS. As a group, research analysts expect 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. Stockholders of record on Wednesday, February 26th were issued a $0.96 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.81%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is 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.