Catalyst Capital Advisors LLC Buys 584 Shares of S&P Global Inc. (NYSE:SPGI)

Catalyst Capital Advisors LLC boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 411.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 726 shares of the business services provider’s stock after buying an additional 584 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in S&P Global were worth $362,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC lifted its holdings in S&P Global by 163.5% during the third quarter. Exchange Traded Concepts LLC now owns 224 shares of the business services provider’s stock valued at $116,000 after purchasing an additional 139 shares during the last quarter. Creative Planning lifted its holdings in S&P Global by 13.0% during the third quarter. Creative Planning now owns 51,561 shares of the business services provider’s stock valued at $26,638,000 after purchasing an additional 5,913 shares during the last quarter. Swedbank AB lifted its holdings in S&P Global by 11.8% during the third quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock valued at $450,280,000 after purchasing an additional 92,115 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in S&P Global by 13.2% during the third quarter. Global Retirement Partners LLC now owns 1,224 shares of the business services provider’s stock valued at $632,000 after purchasing an additional 143 shares during the last quarter. Finally, Howard Capital Management Group LLC lifted its holdings in S&P Global by 3.2% during the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock valued at $471,000 after purchasing an additional 28 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI stock opened at $539.77 on Tuesday. The stock has a fifty day moving average of $507.39 and a 200 day moving average of $507.42. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The firm has a market capitalization of $167.49 billion, a price-to-earnings ratio of 47.64, a PEG ratio of 2.39 and a beta of 1.20. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. During the same period last year, the business earned $3.13 earnings per share. As a group, research analysts expect that S&P Global Inc. will post 15.34 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.71%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. StockNews.com raised shares of S&P Global from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Evercore ISI increased their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Oppenheimer lowered their price target 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. JPMorgan Chase & Co. lowered their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, BMO Capital Markets increased 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, February 13th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $587.92.

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.