S&P Global Inc. $SPGI Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its stake in S&P Global Inc. (NYSE:SPGI) by 17.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,809 shares of the business services provider’s stock after buying an additional 10,044 shares during the period. Jones Financial Companies Lllp’s holdings in S&P Global were worth $32,541,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SPGI. Brighton Jones LLC increased its holdings in shares of S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after acquiring an additional 143 shares during the period. Sivia Capital Partners LLC boosted its stake in S&P Global by 7.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock valued at $547,000 after purchasing an additional 75 shares during the period. Wealthcare Advisory Partners LLC grew its position in S&P Global by 4.3% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 752 shares of the business services provider’s stock worth $396,000 after purchasing an additional 31 shares during the last quarter. Simplicity Wealth LLC increased its stake in shares of S&P Global by 133.0% in the second quarter. Simplicity Wealth LLC now owns 1,484 shares of the business services provider’s stock valued at $782,000 after purchasing an additional 847 shares during the period. Finally, Grimes & Company Inc. increased its stake in shares of S&P Global by 5.3% in the second quarter. Grimes & Company Inc. now owns 591 shares of the business services provider’s stock valued at $312,000 after purchasing an additional 30 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SPGI has been the subject of several analyst reports. Stifel Nicolaus reduced their price objective on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research report on Friday, October 31st. BMO Capital Markets set a $546.00 price target on S&P Global in a research report on Friday, November 14th. JPMorgan Chase & Co. lowered their price target on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. Finally, Evercore ISI increased their target price on shares of S&P Global from $629.00 to $632.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. Based on data from MarketBeat, S&P Global has an average rating of “Buy” and a consensus price target of $615.64.

S&P Global Stock Up 0.0%

SPGI opened at $527.81 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $159.82 billion, a PE ratio of 38.39, a P/E/G ratio of 2.24 and a beta of 1.20. The stock’s fifty day moving average is $519.37 and its 200-day moving average is $517.34. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 0.7%. This is a boost from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date is Wednesday, February 25th. S&P Global’s dividend payout ratio (DPR) is presently 27.93%.

S&P Global Company Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.