443 Shares in S&P Global Inc. (NYSE:SPGI) Acquired by Legacy Solutions LLC

Legacy Solutions LLC purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 443 shares of the business services provider’s stock, valued at approximately $221,000.

Other large investors have also added to or reduced their stakes in the company. Headinvest LLC boosted its position in shares of S&P Global by 2.0% during the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after purchasing an additional 20 shares in the last quarter. EWA LLC increased its position in shares of S&P Global by 4.2% during the third quarter. EWA LLC now owns 498 shares of the business services provider’s stock valued at $254,000 after acquiring an additional 20 shares during the last quarter. Continuum Advisory LLC raised its stake in shares of S&P Global by 1.3% during the 3rd quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock worth $788,000 after purchasing an additional 20 shares during the period. Fullcircle Wealth LLC boosted its stake in S&P Global by 1.2% in the third quarter. Fullcircle Wealth LLC now owns 1,789 shares of the business services provider’s stock valued at $872,000 after acquiring an additional 21 shares during the last quarter. Finally, Symphony Financial Ltd. Co. grew its holdings in S&P Global by 3.2% during the third quarter. Symphony Financial Ltd. Co. now owns 705 shares of the business services provider’s stock valued at $361,000 after purchasing an additional 22 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the topic of a number of analyst reports. UBS Group boosted their target price on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday. Robert W. Baird lifted their target price 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. Citigroup began coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. Wells Fargo & Company lifted their price objective on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, BMO Capital Markets increased their price objective on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $590.23.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $543.08 on Wednesday. The firm’s fifty day moving average is $508.53 and its two-hundred day moving average is $508.17. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39. The company has a market cap of $167.16 billion, a P/E ratio of 43.97, a P/E/G ratio of 2.42 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

S&P Global (NYSE:SPGI) last posted its 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 27.12% and a return on equity of 14.33%. During the same period last year, the firm earned $3.13 earnings per share. As a group, analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently disclosed 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 is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.71%. S&P Global’s payout ratio is 29.47%.

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.