S&P Global Inc. (NYSE:SPGI) Position Raised by Hemington Wealth Management

Hemington Wealth Management lifted its position in S&P Global Inc. (NYSE:SPGI) by 10.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 263 shares of the business services provider’s stock after buying an additional 24 shares during the period. Hemington Wealth Management’s holdings in S&P Global were worth $130,000 at the end of the most recent reporting period.

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

S&P Global Stock Performance

SPGI opened at $530.93 on Thursday. The stock’s 50 day moving average price is $506.13 and its two-hundred day moving average price is $506.36. The firm has a market capitalization of $164.75 billion, a P/E 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 12-month low of $407.69 and a 12-month high of $542.00.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. During the same quarter in the prior year, the firm earned $3.13 EPS. On average, equities analysts forecast that S&P Global Inc. will post 15.34 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. The ex-dividend date is Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 0.72%. S&P Global’s dividend payout ratio is presently 32.13%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Stifel Nicolaus boosted their price objective on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Morgan Stanley boosted their price target on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday. Robert W. Baird boosted their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. cut their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Finally, Citigroup started coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $586.85.

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.