Optas LLC Increases Position in S&P Global Inc. (NYSE:SPGI)

Optas LLC boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 102.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,692 shares of the business services provider’s stock after purchasing an additional 858 shares during the quarter. Optas LLC’s holdings in S&P Global were worth $843,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new stake in S&P Global during the third quarter valued at approximately $27,000. First Personal Financial Services bought a new stake in shares of S&P Global in the 3rd quarter worth about $29,000. Capital Performance Advisors LLP bought a new stake in shares of S&P Global in the 3rd quarter worth about $31,000. Voisard Asset Management Group Inc. lifted its holdings in S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after buying an additional 27 shares in the last quarter. Finally, Dunhill Financial LLC lifted its holdings in S&P Global by 94.4% during the 3rd 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 in the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of research reports. Wells Fargo & Company cut their target price on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. UBS Group lifted their target price on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Stifel Nicolaus lifted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Citigroup began coverage on shares of S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. Finally, Oppenheimer decreased their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Price Performance

S&P Global stock opened at $518.53 on Tuesday. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The firm has a market capitalization of $160.90 billion, a price-to-earnings ratio of 45.77, a PEG ratio of 2.40 and a beta of 1.20. The company has a fifty day simple moving average of $506.40 and a 200-day simple moving average of $504.70. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global’s dividend payout ratio is presently 32.13%.

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.