Avidian Wealth Enterprises LLC Acquires 66 Shares of S&P Global Inc. (NYSE:SPGI)

Avidian Wealth Enterprises LLC increased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 16.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 477 shares of the business services provider’s stock after buying an additional 66 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in S&P Global were worth $238,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new stake in shares of S&P Global during the 3rd quarter valued at $27,000. First Personal Financial Services bought a new position in S&P Global in the third quarter valued at about $29,000. Capital Performance Advisors LLP acquired a new stake in shares of S&P Global during the third quarter valued at about $31,000. Voisard Asset Management Group Inc. grew its holdings in shares of S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after purchasing an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC increased its stake in shares of S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after buying an additional 34 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. BMO Capital Markets lifted their target price on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday. Morgan Stanley boosted their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday. UBS Group increased their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Evercore ISI lifted their target price on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, StockNews.com raised S&P Global from a “hold” rating to a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $587.92.

S&P Global Stock Performance

Shares of SPGI stock opened at $539.77 on Friday. 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 Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The firm has a 50 day moving average of $506.92 and a 200-day moving average of $506.78. The company has a market cap of $166.14 billion, a price-to-earnings ratio of 47.64, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating the consensus estimate 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 company earned $3.13 earnings per share. On average, equities analysts forecast that S&P Global Inc. will post 15.34 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be issued a $0.96 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.71%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is presently 31.09%.

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.