Catalyst Financial Partners LLC Increases Holdings in S&P Global Inc. (NYSE:SPGI)

Catalyst Financial Partners LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,273 shares of the business services provider’s stock after purchasing an additional 50 shares during the quarter. Catalyst Financial Partners LLC’s holdings in S&P Global were worth $634,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new stake in shares of S&P Global in the 3rd quarter worth about $27,000. First Personal Financial Services purchased a new stake in shares of S&P Global in the third quarter valued at $29,000. Capital Performance Advisors LLP acquired a new stake in shares of S&P Global during the third quarter valued at $31,000. Voisard Asset Management Group Inc. increased its position in S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after purchasing an additional 27 shares in the last quarter. Finally, Dunhill Financial LLC raised its stake in S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 34 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SPGI has been the subject of a number of recent research reports. BMO Capital Markets lifted their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday. Morgan Stanley boosted 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. Robert W. Baird raised their price objective on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Evercore ISI increased their target price on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, StockNews.com upgraded S&P Global from a “hold” rating to a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $587.92.

S&P Global Stock Up 2.1 %

Shares of NYSE:SPGI opened at $542.44 on Friday. The stock has a 50-day simple moving average of $506.35 and a 200-day simple moving average of $506.53. The stock has a market capitalization of $168.32 billion, a P/E ratio of 47.88, a PEG 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 $542.77. 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 (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. During the same quarter in the prior year, the company earned $3.13 earnings per share. Equities analysts forecast that S&P Global Inc. will post 15.34 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a $0.96 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.71%. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio is currently 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.