Modera Wealth Management LLC Purchases 187 Shares of S&P Global Inc. (NYSE:SPGI)

Modera Wealth Management LLC lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 19.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,152 shares of the business services provider’s stock after acquiring an additional 187 shares during the period. Modera Wealth Management LLC’s holdings in S&P Global were worth $574,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its position in shares of S&P Global by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after purchasing an additional 292,436 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of S&P Global by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock worth $3,332,016,000 after purchasing an additional 113,146 shares in the last quarter. FMR LLC boosted its position in shares of S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after purchasing an additional 369,598 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of S&P Global by 1.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock worth $1,401,909,000 after purchasing an additional 28,458 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of S&P Global by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,936,697 shares of the business services provider’s stock worth $1,000,536,000 after purchasing an additional 26,300 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of research analyst reports. Morgan Stanley increased their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Oppenheimer lowered 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 report on Friday, January 3rd. Citigroup began coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. Evercore ISI upped their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $590.23.

S&P Global Trading Down 2.5 %

NYSE:SPGI opened at $516.24 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $158.90 billion, a price-to-earnings ratio of 41.80, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The firm has a 50-day moving average price of $514.59 and a two-hundred day moving average price of $511.38.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter last year, the company posted $3.13 earnings per share. On average, equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a $0.96 dividend. 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 annualized dividend and a yield of 0.74%. S&P Global’s dividend payout ratio (DPR) is 31.09%.

S&P Global 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.