Campbell Wealth Management Invests $314,000 in S&P Global Inc. (NYSE:SPGI)

Campbell Wealth Management bought a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 630 shares of the business services provider’s stock, valued at approximately $314,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Trust Point Inc. raised its stake in shares of S&P Global by 1.4% in the 3rd quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock valued at $725,000 after purchasing an additional 20 shares during the period. Headinvest LLC grew its holdings in shares of S&P Global by 2.0% during the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after buying an additional 20 shares in the last quarter. EWA LLC raised its position in S&P Global by 4.2% in the 3rd quarter. EWA LLC now owns 498 shares of the business services provider’s stock valued at $254,000 after buying an additional 20 shares during the last quarter. Continuum Advisory LLC lifted its stake in S&P Global by 1.3% in the 3rd quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock valued at $788,000 after acquiring an additional 20 shares in the last quarter. Finally, Fullcircle Wealth LLC grew its stake in shares of S&P Global by 1.2% during the 3rd quarter. Fullcircle Wealth LLC now owns 1,789 shares of the business services provider’s stock worth $872,000 after acquiring an additional 21 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SPGI. Citigroup started coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. StockNews.com upgraded shares of S&P Global from a “hold” rating to a “buy” rating in a research note on Wednesday. BMO Capital Markets raised their price objective on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday. Evercore ISI upped their target price on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $587.92.

S&P Global Price Performance

S&P Global stock opened at $542.44 on Friday. The stock’s fifty day moving average price is $506.35 and its two-hundred day moving average price is $506.53. The firm has a market cap of $168.32 billion, a PE ratio of 47.88, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a one year low of $407.69 and a one year high of $542.77.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. During the same quarter in the previous year, the business earned $3.13 earnings per share. As a group, research analysts expect that S&P Global Inc. will post 15.34 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently disclosed 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. 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 0.71%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s payout ratio is currently 32.13%.

About S&P Global

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.