BSW Wealth Partners Buys 88 Shares of S&P Global Inc. (NYSE:SPGI)

BSW Wealth Partners raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,420 shares of the business services provider’s stock after acquiring an additional 88 shares during the period. BSW Wealth Partners’ holdings in S&P Global were worth $707,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC raised its holdings in shares of S&P Global by 35.3% in the second quarter. AQR Capital Management LLC now owns 31,837 shares of the business services provider’s stock worth $14,147,000 after buying an additional 8,315 shares during the period. Creative Planning lifted its position in shares of S&P Global by 7.3% during the second quarter. Creative Planning now owns 45,648 shares of the business services provider’s stock worth $20,359,000 after purchasing an additional 3,092 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of S&P Global by 53.2% during the second quarter. NewEdge Advisors LLC now owns 15,635 shares of the business services provider’s stock valued at $6,973,000 after purchasing an additional 5,429 shares during the period. Regal Investment Advisors LLC grew its holdings in shares of S&P Global by 0.6% in the second quarter. Regal Investment Advisors LLC now owns 4,546 shares of the business services provider’s stock worth $2,028,000 after purchasing an additional 29 shares during the last quarter. Finally, Next Capital Management LLC purchased a new position in S&P Global in the 2nd quarter worth about $221,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.0 %

Shares of SPGI stock opened at $520.54 on Wednesday. The stock’s fifty day moving average price is $505.39 and its 200 day moving average price is $503.69. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The company has a market cap of $161.52 billion, a price-to-earnings ratio of 45.94, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a $0.96 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SPGI. Citigroup initiated coverage on shares of 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. Morgan Stanley increased 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. UBS Group lifted their target price 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. Oppenheimer dropped their price target 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. Finally, Robert W. Baird upped their price objective on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $584.54.

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.