Rockline Wealth Management LLC Purchases 605 Shares of S&P Global Inc. (NYSE:SPGI)

Rockline Wealth Management LLC boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 7.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,263 shares of the business services provider’s stock after purchasing an additional 605 shares during the period. S&P Global comprises about 1.2% of Rockline Wealth Management LLC’s investment portfolio, making the stock its 21st biggest position. Rockline Wealth Management LLC’s holdings in S&P Global were worth $4,613,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new position in shares of S&P Global during the third quarter worth approximately $27,000. First Personal Financial Services bought a new stake in shares of S&P Global during the third quarter worth $29,000. Capital Performance Advisors LLP acquired a new position in shares of S&P Global during the third quarter valued at $31,000. Voisard Asset Management Group Inc. boosted its holdings in S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC increased its position in S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after purchasing an additional 34 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Citigroup initiated coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. Oppenheimer dropped their target price on shares of 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. Wells Fargo & Company cut their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. JPMorgan Chase & Co. lowered their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Robert W. Baird boosted their target price on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Stock Performance

Shares of SPGI opened at $518.53 on Tuesday. The stock 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. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The firm has a fifty day simple moving average of $506.40 and a 200 day simple moving average of $504.70. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a $0.96 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. 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%.

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.