S&P Global Inc. (NYSE:SPGI) Shares Purchased by GenTrust LLC

GenTrust LLC boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 29.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 689 shares of the business services provider’s stock after acquiring an additional 158 shares during the period. GenTrust LLC’s holdings in S&P Global were worth $343,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. SRN Advisors LLC acquired a new position in S&P Global during the fourth quarter worth $233,000. Whipplewood Advisors LLC acquired a new position in S&P Global during the fourth quarter worth $98,000. Impact Investors Inc acquired a new position in S&P Global during the fourth quarter worth $328,000. Bryn Mawr Capital Management LLC increased its position in shares of S&P Global by 12.3% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 1,697 shares of the business services provider’s stock worth $845,000 after acquiring an additional 186 shares during the period. Finally, Nelson Capital Management LLC increased its position in shares of S&P Global by 4.6% during the fourth quarter. Nelson Capital Management LLC now owns 9,629 shares of the business services provider’s stock worth $4,796,000 after acquiring an additional 426 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SPGI has been the topic of several recent analyst reports. Morgan Stanley increased their target price on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. BMO Capital Markets raised their price objective on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Citigroup assumed coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective on the stock. Evercore ISI raised their price objective on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, StockNews.com downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $590.23.

S&P Global Price Performance

SPGI opened at $528.65 on Thursday. The company has a 50-day moving average of $512.12 and a 200-day moving average of $510.22. The company has a market capitalization of $162.72 billion, a P/E ratio of 42.81, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current 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 earnings per share 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 quarter in the prior year, the firm posted $3.13 earnings per share. Equities analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a $0.96 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio is currently 31.09%.

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.