Fortis Group Advisors LLC Acquires 90 Shares of S&P Global Inc. (NYSE:SPGI)

Fortis Group Advisors LLC grew its holdings in S&P Global Inc. (NYSE:SPGIFree Report) by 100.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 180 shares of the business services provider’s stock after purchasing an additional 90 shares during the quarter. Fortis Group Advisors LLC’s holdings in S&P Global were worth $79,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SPGI. D.B. Root & Company LLC lifted its stake in shares of S&P Global by 3.6% in the 4th quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock valued at $292,000 after purchasing an additional 23 shares during the last quarter. Mayflower Financial Advisors LLC raised its holdings in S&P Global by 3.3% in the 4th quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock valued at $315,000 after buying an additional 23 shares during the period. Allworth Financial LP lifted its position in S&P Global by 1.8% in the fourth quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock valued at $598,000 after buying an additional 24 shares during the last quarter. Oakworth Capital Inc. lifted its position in S&P Global by 31.2% in the fourth quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock valued at $44,000 after buying an additional 24 shares during the last quarter. Finally, Independence Bank of Kentucky raised its stake in shares of S&P Global by 1.7% in the 4th quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock valued at $655,000 after acquiring an additional 25 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

SPGI has been the subject of a number of research analyst reports. Barclays increased their price objective on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 target price on shares of S&P Global in a research note on Friday, May 24th. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Oppenheimer raised their price objective on shares of S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, BMO Capital Markets upped their target price on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $467.89.

Read Our Latest Stock Report on S&P Global

S&P Global Stock Down 0.6 %

NYSE SPGI traded down $2.79 during trading on Friday, reaching $434.40. 789,413 shares of the company’s stock were exchanged, compared to its average volume of 975,415. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $461.16. The stock has a market cap of $135.92 billion, a P/E ratio of 48.70, a price-to-earnings-growth ratio of 2.43 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The company has a 50 day moving average price of $426.86 and a two-hundred day moving average price of $430.22.

S&P Global (NYSE:SPGIGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, beating the consensus estimate of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. On average, equities research analysts anticipate that S&P Global Inc. will post 14.1 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Wednesday, May 29th. S&P Global’s payout ratio is currently 40.81%.

About S&P Global

(Free Report)

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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