S&P Global Inc. (NYSE:SPGI) Shares Acquired by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 17,997 shares of the business services provider’s stock after buying an additional 358 shares during the period. Marks Group Wealth Management Inc’s holdings in S&P Global were worth $8,963,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SPGI. Avidian Wealth Enterprises LLC lifted its position in S&P Global by 16.1% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 477 shares of the business services provider’s stock worth $238,000 after buying an additional 66 shares during the period. Kentucky Trust Co purchased a new stake in S&P Global in the fourth quarter valued at approximately $361,000. Gladstone Institutional Advisory LLC increased its position in S&P Global by 28.3% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 2,040 shares of the business services provider’s stock worth $1,016,000 after purchasing an additional 450 shares during the last quarter. Certuity LLC raised its stake in S&P Global by 8.6% during the fourth quarter. Certuity LLC now owns 1,344 shares of the business services provider’s stock worth $669,000 after purchasing an additional 107 shares during the period. Finally, Portfolio Design Labs LLC boosted its holdings in shares of S&P Global by 36.8% in the 4th quarter. Portfolio Design Labs LLC now owns 4,865 shares of the business services provider’s stock valued at $2,423,000 after purchasing an additional 1,308 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. 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 target for the company. BMO Capital Markets increased their target price on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Robert W. Baird lifted their price target on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Morgan Stanley raised their target price on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Trading Up 4.9 %

Shares of NYSE:SPGI opened at $540.80 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s 50-day moving average is $505.68 and its 200-day moving average is $506.00. The company has a market cap of $167.81 billion, a P/E ratio of 47.73, a P/E/G ratio of 2.39 and a beta of 1.20. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $542.00.

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 for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. During the same period in the prior year, the firm posted $3.13 earnings per share. Equities research analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.71%. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

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.