Richardson Capital Management LLC Makes New $199,000 Investment in S&P Global Inc. (NYSE:SPGI)

Richardson Capital Management LLC purchased a new stake in S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 400 shares of the business services provider’s stock, valued at approximately $199,000.

A number of other hedge funds have also made changes to their positions in the company. Swedbank AB raised its position in S&P Global by 11.8% during the third quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock worth $450,280,000 after acquiring an additional 92,115 shares during the last quarter. Howard Capital Management Group LLC grew its position in shares of S&P Global by 3.2% in the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock valued at $471,000 after purchasing an additional 28 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of S&P Global by 7.4% during the 3rd quarter. Private Advisor Group LLC now owns 8,429 shares of the business services provider’s stock worth $4,354,000 after purchasing an additional 579 shares in the last quarter. DT Investment Partners LLC raised its position in shares of S&P Global by 20.6% during the 3rd quarter. DT Investment Partners LLC now owns 129 shares of the business services provider’s stock worth $67,000 after purchasing an additional 22 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC purchased a new stake in S&P Global in the 3rd quarter valued at approximately $213,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.4 %

Shares of SPGI opened at $533.05 on Friday. The firm has a market cap of $164.07 billion, a PE ratio of 43.16, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The company’s fifty day moving average is $510.08 and its two-hundred day moving average is $509.23. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39.

S&P Global (NYSE:SPGI) last issued 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 return on equity of 14.33% and a net margin of 27.12%. During the same period in the previous year, the company earned $3.13 EPS. Analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors 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 0.72%. 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 29.47%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SPGI. StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus lifted their price objective on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. UBS Group upped 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, February 18th. Oppenheimer lowered their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, BMO Capital Markets upped their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $590.23.

S&P Global Company 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.