Global Retirement Partners LLC Acquires 189 Shares of S&P Global Inc. (NYSE:SPGI)

Global Retirement Partners LLC boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 15.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,413 shares of the business services provider’s stock after acquiring an additional 189 shares during the period. Global Retirement Partners LLC’s holdings in S&P Global were worth $704,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Headinvest LLC raised its holdings in S&P Global by 2.0% in the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after purchasing an additional 20 shares during the period. EWA LLC raised its holdings 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 worth $254,000 after acquiring an additional 20 shares during the period. Continuum Advisory LLC raised its holdings in shares of S&P Global by 1.3% during the third quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock worth $788,000 after acquiring an additional 20 shares during the period. Fullcircle Wealth LLC raised its holdings in shares of S&P Global by 1.2% during the third quarter. Fullcircle Wealth LLC now owns 1,789 shares of the business services provider’s stock worth $872,000 after acquiring an additional 21 shares during the period. Finally, DT Investment Partners LLC raised its holdings in shares of S&P Global by 20.6% during the third quarter. DT Investment Partners LLC now owns 129 shares of the business services provider’s stock worth $67,000 after acquiring an additional 22 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Wells Fargo & Company raised 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. Evercore ISI raised their price objective on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday. Morgan Stanley raised their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, Oppenheimer dropped their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $590.23.

S&P Global Stock Performance

Shares of SPGI opened at $533.05 on Friday. The firm has a 50-day moving average of $510.08 and a 200-day moving average of $509.23. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The company 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 debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS 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 in the prior year, the firm posted $3.13 earnings per share. As a group, equities analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend 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 (DPR) is 29.47%.

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.