Proficio Capital Partners LLC Increases Stock Position in S&P Global Inc. (NYSE:SPGI)

Proficio Capital Partners LLC boosted its position in S&P Global Inc. (NYSE:SPGI) by 42.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,244 shares of the business services provider’s stock after buying an additional 373 shares during the period. Proficio Capital Partners LLC’s holdings in S&P Global were worth $619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Human Investing LLC acquired a new stake in S&P Global in the fourth quarter valued at $30,000. Noble Wealth Management PBC purchased a new stake in S&P Global in the 4th quarter valued at about $31,000. Dunhill Financial LLC grew its holdings in shares of S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after purchasing an additional 34 shares during the period. Sound Income Strategies LLC grew its holdings in shares of S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after purchasing an additional 63 shares during the period. Finally, BankPlus Trust Department purchased a new stake in shares of S&P Global during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SPGI shares. Oppenheimer decreased their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Evercore ISI upped their target price on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Wells Fargo & Company upped their price target on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Morgan Stanley upped their price target on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Finally, UBS Group upped their price objective on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $590.86.

S&P Global Trading Up 0.1 %

NYSE:SPGI opened at $497.62 on Monday. The business has a fifty day moving average of $513.85 and a 200-day moving average of $510.40. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The stock has a market cap of $153.17 billion, a price-to-earnings ratio of 40.29, a PEG ratio of 2.41 and a beta of 1.20. 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 earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the previous year, the company earned $3.13 earnings per share. Equities analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.77%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was 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.