EverSource Wealth Advisors LLC Has $562,000 Holdings in S&P Global Inc. (NYSE:SPGI)

EverSource Wealth Advisors LLC increased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 74.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,129 shares of the business services provider’s stock after purchasing an additional 481 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in S&P Global were worth $562,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Human Investing LLC bought a new stake in S&P Global during the 4th quarter worth about $30,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global in the fourth quarter valued at about $31,000. Dunhill Financial LLC raised its holdings in S&P Global by 94.4% during the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after acquiring an additional 34 shares in the last quarter. Sound Income Strategies LLC boosted its position in S&P Global by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 63 shares during the last quarter. Finally, BankPlus Trust Department bought a new position in S&P Global in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SPGI shares. Evercore ISI upped their price objective on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Oppenheimer dropped their price target on shares of 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. BMO Capital Markets lifted 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 report on Thursday, February 13th. Mizuho started coverage on shares of S&P Global in a report on Wednesday. They issued an “outperform” rating and a $599.00 target price on the stock. Finally, Wells Fargo & Company lifted their price target on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $590.86.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $486.67 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $149.80 billion, a price-to-earnings ratio of 39.41, a P/E/G ratio of 2.41 and a beta of 1.20. The stock’s fifty day moving average price is $513.56 and its two-hundred day moving average price is $510.91. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating the consensus estimate 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 in the prior year, the firm earned $3.13 EPS. On average, equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.79%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. S&P Global’s 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.