S&P Global Inc. (NYSE:SPGI) Position Increased by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 46.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 896 shares of the business services provider’s stock after acquiring an additional 286 shares during the period. Stratos Wealth Advisors LLC’s holdings in S&P Global were worth $446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Stratos Wealth Partners LTD. raised its holdings in shares of S&P Global by 4.8% during the fourth quarter. Stratos Wealth Partners LTD. now owns 9,227 shares of the business services provider’s stock worth $4,596,000 after acquiring an additional 424 shares in the last quarter. E. Ohman J or Asset Management AB raised its holdings in shares of S&P Global by 11.6% during the fourth quarter. E. Ohman J or Asset Management AB now owns 14,620 shares of the business services provider’s stock worth $7,281,000 after acquiring an additional 1,520 shares in the last quarter. Longboard Asset Management LP purchased a new stake in shares of S&P Global during the fourth quarter worth $222,000. Rockline Wealth Management LLC raised its holdings in shares of S&P Global by 7.0% during the fourth quarter. Rockline Wealth Management LLC now owns 9,263 shares of the business services provider’s stock worth $4,613,000 after acquiring an additional 605 shares in the last quarter. Finally, RBA Wealth Management LLC raised its holdings in shares of S&P Global by 1.4% during the fourth quarter. RBA Wealth Management LLC now owns 10,718 shares of the business services provider’s stock worth $5,338,000 after acquiring an additional 151 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on SPGI. Wells Fargo & Company cut their target price on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Citigroup began coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Morgan Stanley raised their target price on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Robert W. Baird raised their target price on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Stifel Nicolaus raised their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Stock Down 0.0 %

SPGI stock opened at $519.00 on Friday. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The company has a market cap of $161.05 billion, a PE ratio of 45.81, a price-to-earnings-growth ratio of 2.40 and a beta of 1.20. The business’s 50-day simple moving average is $505.92 and its 200 day simple moving average is $505.32. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a dividend of $0.96 per share. The ex-dividend date is Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. S&P Global’s dividend payout ratio (DPR) is 32.13%.

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.