Concurrent Investment Advisors LLC Has $3.96 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Concurrent Investment Advisors LLC raised its position in S&P Global Inc. (NYSE:SPGI) by 9.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 7,952 shares of the business services provider’s stock after buying an additional 685 shares during the period. Concurrent Investment Advisors LLC’s holdings in S&P Global were worth $3,961,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPGI. First Personal Financial Services acquired a new position in S&P Global in the third quarter valued at approximately $29,000. Human Investing LLC acquired a new stake in S&P Global during the 4th quarter worth $30,000. Capital Performance Advisors LLP bought a new stake in shares of S&P Global during the 3rd quarter valued at $31,000. Voisard Asset Management Group Inc. lifted its stake in shares of 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 period. Finally, Dunhill Financial LLC lifted its stake in shares of S&P Global by 94.4% in the 3rd 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 owned by institutional investors and hedge funds.

S&P Global Trading Down 1.2 %

SPGI opened at $536.21 on Friday. The stock has a market capitalization of $165.05 billion, a P/E ratio of 43.42, a P/E/G ratio of 2.44 and a beta of 1.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The firm’s fifty day simple moving average is $509.53 and its 200 day simple moving average is $508.60.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating analysts’ consensus estimates 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 period last year, the business earned $3.13 EPS. As a group, research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders 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 represents a $3.84 dividend on an annualized basis and a yield of 0.72%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is 29.47%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SPGI shares. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup assumed coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. Evercore ISI increased their price target on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. BMO Capital Markets boosted their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, Morgan Stanley upped their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Three 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 MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price of $590.23.

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.