Scholtz & Company LLC Purchases 412 Shares of S&P Global Inc. (NYSE:SPGI)

Scholtz & Company LLC raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 5.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,236 shares of the business services provider’s stock after buying an additional 412 shares during the quarter. S&P Global accounts for about 2.0% of Scholtz & Company LLC’s holdings, making the stock its 19th biggest position. Scholtz & Company LLC’s holdings in S&P Global were worth $4,102,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of SPGI. Groupama Asset Managment lifted its stake in shares of S&P Global by 0.5% in the 4th quarter. Groupama Asset Managment now owns 14,650 shares of the business services provider’s stock valued at $7,296,000 after purchasing an additional 68 shares during the period. OV Management LLC increased its holdings in S&P Global by 7.9% in the fourth quarter. OV Management LLC now owns 4,371 shares of the business services provider’s stock worth $2,177,000 after purchasing an additional 319 shares in the last quarter. May Hill Capital LLC acquired a new position in S&P Global in the fourth quarter valued at approximately $287,000. Invenio Wealth Partners LLC boosted its holdings in shares of S&P Global by 4.0% during the 4th quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider’s stock worth $286,000 after buying an additional 22 shares in the last quarter. Finally, Boston Family Office LLC grew its position in shares of S&P Global by 0.7% during the 4th quarter. Boston Family Office LLC now owns 52,783 shares of the business services provider’s stock worth $26,288,000 after buying an additional 391 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $510.66 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a market cap of $160.26 billion, a PE ratio of 41.35, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The stock’s fifty day simple moving average is $515.35 and its two-hundred day simple moving average is $509.96. 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, beating analysts’ consensus estimates 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 last year, the company earned $3.13 EPS. As a group, analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is presently 31.09%.

Analysts Set New Price Targets

A number of research firms recently issued reports on SPGI. Morgan Stanley boosted their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Evercore ISI upped their price objective 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. Citigroup assumed coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. UBS Group upped their price target on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Finally, Oppenheimer reduced their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $590.86.

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.