Proficio Capital Partners LLC Raises Stock Position in S&P Global Inc. (NYSE:SPGI)

Proficio Capital Partners LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 71,024.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 619,491 shares of the business services provider’s stock after buying an additional 618,620 shares during the quarter. Proficio Capital Partners LLC’s holdings in S&P Global were worth $308,525,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SPGI. First Personal Financial Services purchased a new position in S&P Global in the third quarter worth $29,000. Human Investing LLC purchased a new position in S&P Global in the fourth quarter worth $30,000. Capital Performance Advisors LLP purchased a new position in S&P Global in the third quarter worth $31,000. Voisard Asset Management Group Inc. grew 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 worth $32,000 after purchasing an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC grew its holdings 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 last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Trading Down 0.9 %

Shares of S&P Global stock opened at $528.65 on Thursday. The firm has a 50-day simple moving average of $512.12 and a two-hundred day simple moving average of $510.22. The company has a market cap of $162.72 billion, a P/E ratio of 42.81, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter in the prior year, the firm posted $3.13 earnings per share. As a group, equities analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal 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 given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is 31.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Oppenheimer dropped their price objective 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. Morgan Stanley boosted their price objective on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. UBS Group boosted their price objective on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Evercore ISI upped their price target on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average price target of $590.23.

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.