Resonant Capital Advisors LLC Buys 25 Shares of S&P Global Inc. (NYSE:SPGI)

Resonant Capital Advisors LLC raised its stake in S&P Global Inc. (NYSE:SPGI) by 0.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,571 shares of the business services provider’s stock after purchasing an additional 25 shares during the quarter. Resonant Capital Advisors LLC’s holdings in S&P Global were worth $2,775,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Catalina Capital Group LLC lifted its position in S&P Global by 2.3% during the fourth quarter. Catalina Capital Group LLC now owns 1,529 shares of the business services provider’s stock valued at $762,000 after buying an additional 34 shares during the period. U.S. Capital Wealth Advisors LLC increased its holdings in shares of S&P Global by 34.4% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 804 shares of the business services provider’s stock valued at $400,000 after acquiring an additional 206 shares in the last quarter. Golden State Equity Partners increased its holdings in shares of S&P Global by 92.1% during the fourth quarter. Golden State Equity Partners now owns 2,315 shares of the business services provider’s stock valued at $1,153,000 after acquiring an additional 1,110 shares in the last quarter. Avantra Family Wealth Inc. bought a new position in shares of S&P Global during the fourth quarter valued at $322,000. Finally, Berry Wealth Group LP increased its holdings in shares of S&P Global by 7.5% during the fourth quarter. Berry Wealth Group LP now owns 813 shares of the business services provider’s stock valued at $405,000 after acquiring an additional 57 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 0.4 %

Shares of NYSE SPGI opened at $521.44 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $161.80 billion, a P/E ratio of 46.02, a price-to-earnings-growth ratio of 2.40 and a beta of 1.20. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The business has a fifty day moving average price of $506.40 and a 200 day moving average price of $504.70.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This is a boost 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 0.74%. S&P Global’s dividend payout ratio (DPR) is 32.13%.

Analyst Ratings Changes

A number of research firms have issued reports on SPGI. Oppenheimer cut their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Robert W. Baird lifted their price objective on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Citigroup initiated coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective on the stock. BMO Capital Markets lifted their price objective on S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company lowered their price target on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $584.54.

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.