Optas LLC Buys 858 Shares of S&P Global Inc. (NYSE:SPGI)

Optas LLC grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 102.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,692 shares of the business services provider’s stock after buying an additional 858 shares during the quarter. Optas LLC’s holdings in S&P Global were worth $843,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. GDS Wealth Management grew its stake in shares of S&P Global by 6.2% during the fourth quarter. GDS Wealth Management now owns 29,055 shares of the business services provider’s stock worth $14,470,000 after buying an additional 1,697 shares during the last quarter. Resonant Capital Advisors LLC grew its stake in shares of S&P Global by 0.5% in the fourth quarter. Resonant Capital Advisors LLC now owns 5,571 shares of the business services provider’s stock worth $2,775,000 after purchasing an additional 25 shares during the last quarter. Catalina Capital Group LLC grew its stake in shares of S&P Global by 2.3% in the fourth quarter. Catalina Capital Group LLC now owns 1,529 shares of the business services provider’s stock worth $762,000 after purchasing an additional 34 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in shares of S&P Global by 34.4% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 804 shares of the business services provider’s stock worth $400,000 after purchasing an additional 206 shares during the last quarter. Finally, Golden State Equity Partners grew its stake in shares of S&P Global by 92.1% in the fourth quarter. Golden State Equity Partners now owns 2,315 shares of the business services provider’s stock worth $1,153,000 after purchasing an additional 1,110 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the topic of several analyst reports. UBS Group boosted their price objective on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. BMO Capital Markets boosted their target price on shares of S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. Robert W. Baird boosted their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Oppenheimer dropped their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Finally, Morgan Stanley upped their price objective on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Trading Down 0.6 %

Shares of SPGI stock opened at $518.53 on Tuesday. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The company has a 50-day simple moving average of $506.40 and a two-hundred day simple moving average of $504.70. The company has a market capitalization of $160.90 billion, a price-to-earnings ratio of 45.77, a PEG ratio of 2.40 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global Increases Dividend

The business 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 0.74%. 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.