Avitas Wealth Management LLC Has $1.99 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Avitas Wealth Management LLC decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.7% in the fourth quarter, Holdings Channel reports. The firm owned 3,998 shares of the business services provider’s stock after selling 27 shares during the quarter. Avitas Wealth Management LLC’s holdings in S&P Global were worth $1,991,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Northwest Investment Counselors LLC bought a new position in shares of S&P Global during the 3rd quarter worth approximately $27,000. First Personal Financial Services acquired a new position in S&P Global during the third quarter worth $29,000. Capital Performance Advisors LLP bought a new position in shares of S&P Global during the third quarter valued at $31,000. Voisard Asset Management Group Inc. lifted its holdings in shares of S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 27 shares during the period. Finally, Dunhill Financial LLC boosted 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 in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. BMO Capital Markets raised their price objective on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. UBS Group boosted their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Oppenheimer dropped their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, Morgan Stanley boosted their price objective on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Price Performance

Shares of SPGI stock opened at $513.59 on Wednesday. The firm has a market cap of $159.37 billion, a price-to-earnings ratio of 45.33, a PEG ratio of 2.40 and a beta of 1.20. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average price of $506.36 and a 200 day moving average price of $504.93.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. S&P Global’s payout ratio is currently 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.