Sequoia Financial Advisors LLC Has $2.92 Million Position in S&P Global Inc. (NYSE:SPGI)

Sequoia Financial Advisors LLC lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 5.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,855 shares of the business services provider’s stock after purchasing an additional 279 shares during the period. Sequoia Financial Advisors LLC’s holdings in S&P Global were worth $2,916,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SPGI. Raymond James Financial Inc. bought a new position in shares of S&P Global in the fourth quarter valued at about $527,207,000. Proficio Capital Partners LLC raised its holdings in shares of S&P Global by 71,024.1% in the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock valued at $308,525,000 after buying an additional 618,620 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of S&P Global in the third quarter valued at about $224,976,000. FMR LLC raised its holdings in shares of S&P Global by 6.6% in the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after buying an additional 369,598 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in shares of S&P Global in the fourth quarter valued at about $144,091,000. 87.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of research analyst reports. Mizuho initiated coverage on S&P Global in a report on Wednesday. They issued an “outperform” rating and a $599.00 price target for the company. Morgan Stanley lifted their price target on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. UBS Group lifted their price objective on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Oppenheimer lowered their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Finally, Citigroup assumed coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price of $590.86.

S&P Global Trading Up 0.3 %

NYSE:SPGI opened at $479.51 on Friday. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $147.59 billion, a PE ratio of 38.83, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The business’s 50-day simple moving average is $513.81 and its 200-day simple moving average is $511.01.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm posted $3.13 EPS. Sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a $0.96 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.80%. S&P Global’s payout ratio is presently 31.09%.

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.