Peterson Wealth Services Has $1.06 Million Stock Holdings in S&P Global Inc. $SPGI

Peterson Wealth Services lifted its position in S&P Global Inc. (NYSE:SPGI) by 193.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,178 shares of the business services provider’s stock after buying an additional 1,437 shares during the period. Peterson Wealth Services’ holdings in S&P Global were worth $1,060,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MTM Investment Management LLC bought a new position in shares of S&P Global during the 2nd quarter valued at about $27,000. J.Safra Asset Management Corp acquired a new stake in S&P Global during the 3rd quarter worth approximately $29,000. Spurstone Advisory Services LLC bought a new position in S&P Global in the second quarter valued at approximately $34,000. Howard Hughes Medical Institute bought a new position in S&P Global in the second quarter valued at approximately $36,000. Finally, First Pacific Financial boosted its holdings in shares of S&P Global by 51.0% in the third quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after buying an additional 25 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on SPGI shares. JPMorgan Chase & Co. cut their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. BMO Capital Markets set a $546.00 price objective on S&P Global in a research report on Friday, November 14th. William Blair reiterated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Finally, Mizuho boosted their target price on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company’s stock. According to MarketBeat.com, S&P Global currently has an average rating of “Buy” and an average target price of $615.64.

S&P Global Price Performance

Shares of NYSE SPGI opened at $527.81 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. The business has a 50-day moving average of $519.37 and a 200-day moving average of $517.34. The stock has a market capitalization of $159.82 billion, a price-to-earnings ratio of 38.39, a PEG ratio of 2.24 and a beta of 1.20. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.97 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $3.88 annualized dividend and a dividend yield of 0.7%. S&P Global’s payout ratio is presently 27.93%.

S&P Global Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.