Soltis Investment Advisors LLC Acquires 125 Shares of S&P Global Inc. (NYSE:SPGI)

Soltis Investment Advisors LLC grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 30.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 541 shares of the business services provider’s stock after buying an additional 125 shares during the quarter. Soltis Investment Advisors LLC’s holdings in S&P Global were worth $269,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

SPGI has been the topic of several analyst reports. BMO Capital Markets lifted their target price on S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. UBS Group lifted their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Morgan Stanley increased their target price on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. lowered their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Citigroup began coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $540.80 on Wednesday. The company has a market cap of $167.81 billion, a P/E ratio of 47.73, a P/E/G ratio of 2.39 and a beta of 1.20. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $542.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The firm’s fifty day moving average is $505.68 and its two-hundred day moving average is $506.00.

S&P Global (NYSE:SPGI) last issued its 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 return on equity of 13.72% and a net margin of 25.80%. During the same period in the previous year, the business earned $3.13 EPS. As a group, analysts anticipate that S&P Global Inc. will post 15.34 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced 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 an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio is currently 32.13%.

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.