Rockline Wealth Management LLC Has $4.61 Million Stake in S&P Global Inc. (NYSE:SPGI)

Rockline Wealth Management LLC boosted its stake in S&P Global Inc. (NYSE:SPGI) by 7.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,263 shares of the business services provider’s stock after buying an additional 605 shares during the period. S&P Global comprises approximately 1.2% of Rockline Wealth Management LLC’s investment portfolio, making the stock its 21st biggest position. Rockline Wealth Management LLC’s holdings in S&P Global were worth $4,613,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Czech National Bank increased its holdings in shares of S&P Global by 6.9% during the third quarter. Czech National Bank now owns 65,228 shares of the business services provider’s stock worth $33,698,000 after purchasing an additional 4,229 shares during the period. GAMMA Investing LLC increased its stake in S&P Global by 20.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,033 shares of the business services provider’s stock worth $1,567,000 after acquiring an additional 518 shares during the period. Diversified Trust Co raised its holdings in S&P Global by 41.1% in the 3rd quarter. Diversified Trust Co now owns 1,689 shares of the business services provider’s stock valued at $873,000 after acquiring an additional 492 shares in the last quarter. Smith Anglin Financial LLC lifted its position in shares of S&P Global by 7.3% during the 3rd quarter. Smith Anglin Financial LLC now owns 512 shares of the business services provider’s stock valued at $265,000 after acquiring an additional 35 shares during the period. Finally, Chemistry Wealth Management LLC increased its position in shares of S&P Global by 0.8% in the third quarter. Chemistry Wealth Management LLC now owns 4,580 shares of the business services provider’s stock worth $2,366,000 after purchasing an additional 37 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.6 %

Shares of NYSE:SPGI opened at $518.53 on Tuesday. The firm has a market cap of $160.90 billion, a P/E ratio of 45.77, a P/E/G ratio of 2.40 and a beta of 1.20. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. The business has a fifty day simple moving average of $506.40 and a 200 day simple moving average of $504.70. 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 Increases Dividend

The company 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. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is currently 32.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Robert W. Baird increased their price objective on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Oppenheimer lowered their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Stifel Nicolaus raised their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. BMO Capital Markets boosted their price target on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. Finally, Wells Fargo & Company reduced their price objective on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, S&P Global currently has a consensus 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.