Duncker Streett & Co. Inc. Grows Stock Position in S&P Global Inc. (NYSE:SPGI)

Duncker Streett & Co. Inc. grew its position in S&P Global Inc. (NYSE:SPGI) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,360 shares of the business services provider’s stock after acquiring an additional 48 shares during the quarter. S&P Global comprises 1.1% of Duncker Streett & Co. Inc.’s holdings, making the stock its 26th largest position. Duncker Streett & Co. Inc.’s holdings in S&P Global were worth $5,658,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SPGI. Swedbank AB lifted its position in shares of S&P Global by 11.8% in the third quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock valued at $450,280,000 after acquiring an additional 92,115 shares in the last quarter. Howard Capital Management Group LLC lifted its position in shares of S&P Global by 3.2% in the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock valued at $471,000 after acquiring an additional 28 shares in the last quarter. Pinnacle Associates Ltd. lifted its position in shares of S&P Global by 7.9% in the third quarter. Pinnacle Associates Ltd. now owns 2,517 shares of the business services provider’s stock valued at $1,300,000 after acquiring an additional 184 shares in the last quarter. Stephens Inc. AR lifted its position in shares of S&P Global by 4.1% in the third quarter. Stephens Inc. AR now owns 10,403 shares of the business services provider’s stock valued at $5,374,000 after acquiring an additional 409 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of S&P Global by 4,600.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 141 shares of the business services provider’s stock valued at $73,000 after acquiring an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI stock opened at $534.09 on Friday. The business has a fifty day moving average of $513.75 and a two-hundred day moving average of $510.82. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a market cap of $164.39 billion, a price-to-earnings ratio of 43.25, 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.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period in the previous year, the firm earned $3.13 earnings per share. As a group, research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a $0.96 dividend. The ex-dividend date is Wednesday, February 26th. This is a boost 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 0.72%. S&P Global’s payout ratio is presently 31.09%.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Oppenheimer reduced their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Morgan Stanley lifted their price objective on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. BMO Capital Markets lifted their price objective on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average target price of $590.23.

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.