Frazier Financial Advisors LLC Purchases Shares of 82 S&P Global Inc. (NYSE:SPGI)

Frazier Financial Advisors LLC bought a new stake in S&P Global Inc. (NYSE:SPGI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 82 shares of the business services provider’s stock, valued at approximately $36,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Private Wealth Management Group LLC bought a new stake in shares of S&P Global in the fourth quarter worth about $26,000. Valued Wealth Advisors LLC bought a new stake in shares of S&P Global in the 4th quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group raised its holdings in shares of S&P Global by 64.1% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 25 shares in the last quarter. LFA Lugano Financial Advisors SA boosted its holdings in S&P Global by 200.0% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 50 shares in the last quarter. Finally, MCF Advisors LLC lifted its position in shares of S&P Global by 141.7% in the 4th quarter. MCF Advisors LLC now owns 87 shares of the business services provider’s stock worth $38,000 after purchasing an additional 51 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of SPGI traded down $4.04 during midday trading on Thursday, hitting $438.26. 259,867 shares of the company traded hands, compared to its average volume of 1,334,261. The stock has a market cap of $137.13 billion, a price-to-earnings ratio of 49.13, a PEG ratio of 2.44 and a beta of 1.14. The firm has a 50 day moving average of $424.20 and a 200-day moving average of $426.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. S&P Global Inc. has a 52 week low of $340.49 and a 52 week high of $461.16.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. On average, analysts forecast that S&P Global Inc. will post 14.1 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th will be issued a $0.91 dividend. The ex-dividend date is Wednesday, May 29th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.83%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Analyst Upgrades and Downgrades

Several analysts have commented on SPGI shares. BMO Capital Markets raised their price objective on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Oppenheimer increased their price objective on S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Stifel Nicolaus upped their target price on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Finally, Barclays upped their price objective on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $467.89.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.