MGB Wealth Management LLC Grows Stock Holdings in S&P Global Inc. (NYSE:SPGI)

MGB Wealth Management LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 501 shares of the business services provider’s stock after purchasing an additional 38 shares during the period. MGB Wealth Management LLC’s holdings in S&P Global were worth $250,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research firms have weighed in on SPGI. Oppenheimer cut their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Evercore ISI lifted their price target on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday. UBS Group upped their price target on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Robert W. Baird raised 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. Finally, Wells Fargo & Company upped their target price on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $586.85.

S&P Global Stock Down 1.8 %

Shares of S&P Global stock opened at $530.93 on Thursday. The company has a 50-day simple moving average of $506.13 and a two-hundred day simple moving average of $506.36. The stock has a market capitalization of $164.75 billion, a PE ratio of 46.86, a price-to-earnings-growth 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. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data 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 net margin of 25.80% and a return on equity of 13.72%. During the same period last year, the company posted $3.13 earnings per share. On average, analysts anticipate that S&P Global Inc. will post 15.34 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. 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 dividend yield of 0.72%. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio is presently 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.