Angeles Wealth Management LLC Purchases 70 Shares of S&P Global Inc. (NYSE:SPGI)

Angeles Wealth Management LLC raised its position in S&P Global Inc. (NYSE:SPGI) by 14.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 552 shares of the business services provider’s stock after buying an additional 70 shares during the quarter. Angeles Wealth Management LLC’s holdings in S&P Global were worth $275,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in S&P Global by 3.4% in the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after acquiring an additional 292,436 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of S&P Global by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock valued at $3,332,016,000 after purchasing an additional 113,146 shares during the last quarter. FMR LLC increased its stake in shares of S&P Global by 6.6% in the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after purchasing an additional 369,598 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of S&P Global by 1.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock worth $1,401,909,000 after buying an additional 28,458 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of S&P Global by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,936,697 shares of the business services provider’s stock worth $1,000,536,000 after buying an additional 26,300 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

Shares of SPGI opened at $514.26 on Tuesday. The business has a 50-day moving average of $505.85 and a 200-day moving average of $505.78. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $159.58 billion, a price-to-earnings ratio of 45.39, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. This is a positive change 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 yield of 0.75%. S&P Global’s dividend payout ratio (DPR) is presently 33.89%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Oppenheimer decreased their target price 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. Stifel Nicolaus upped their price objective on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. UBS Group raised their target price on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Citigroup started coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $584.54.

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.