Callan Family Office LLC Buys 17,793 Shares of S&P Global Inc. (NYSE:SPGI)

Callan Family Office LLC raised its stake in S&P Global Inc. (NYSE:SPGI) by 1,911.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,724 shares of the business services provider’s stock after buying an additional 17,793 shares during the period. S&P Global comprises 0.6% of Callan Family Office LLC’s holdings, making the stock its 29th biggest holding. Callan Family Office LLC’s holdings in S&P Global were worth $9,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in S&P Global during the 4th quarter valued at about $527,207,000. Proficio Capital Partners LLC boosted its stake in shares of S&P Global by 71,024.1% during the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock valued at $308,525,000 after purchasing an additional 618,620 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in S&P Global during the third quarter valued at approximately $224,976,000. FMR LLC raised its stake in S&P Global by 6.6% in the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after buying an additional 369,598 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in S&P Global during the fourth quarter worth $144,091,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $514.13 on Friday. The company has a market capitalization of $158.25 billion, a PE ratio of 41.63, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The company’s fifty day moving average price is $515.15 and its 200 day moving average price is $511.48. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39.

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 analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period in the previous year, the business posted $3.13 earnings per share. On average, research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business 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 is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. S&P Global’s dividend payout ratio is currently 31.09%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Oppenheimer reduced their price target on 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. Citigroup began coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. BMO Capital Markets raised their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Wells Fargo & Company increased their target price on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Finally, Morgan Stanley lifted their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently 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.