Collier Financial Buys Shares of 5,886 S&P Global Inc. (NYSE:SPGI)

Collier Financial purchased a new stake in S&P Global Inc. (NYSE:SPGI) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,886 shares of the business services provider’s stock, valued at approximately $2,931,000. S&P Global comprises approximately 2.6% of Collier Financial’s investment portfolio, making the stock its 13th largest position.

Other hedge funds have also modified their holdings of the company. Northwest Investment Counselors LLC purchased a new position in S&P Global during the third quarter worth about $27,000. First Personal Financial Services acquired a new position in shares of S&P Global in the 3rd quarter worth approximately $29,000. Capital Performance Advisors LLP purchased a new position in shares of S&P Global during the 3rd quarter worth approximately $31,000. Voisard Asset Management Group Inc. increased its holdings in S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC raised its position in S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 34 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Performance

NYSE:SPGI opened at $514.26 on Tuesday. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $159.58 billion, a PE ratio of 45.39, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. The business’s fifty day moving average price is $505.85 and its 200 day moving average price is $505.78.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a $0.96 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is presently 32.13%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. BMO Capital Markets raised their price target on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. lowered their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Citigroup assumed 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 target on the stock. Robert W. Baird raised their price objective on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Oppenheimer cut their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus target price of $584.54.

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.