Xponance Inc. Purchases 3,371 Shares of S&P Global Inc. (NYSE:SPGI)

Xponance Inc. raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,491 shares of the business services provider’s stock after purchasing an additional 3,371 shares during the period. Xponance Inc.’s holdings in S&P Global were worth $24,648,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of SPGI. Human Investing LLC bought a new position in shares of S&P Global in the fourth quarter worth $30,000. Noble Wealth Management PBC bought a new position in shares of S&P Global in the fourth quarter worth $31,000. Dunhill Financial LLC boosted its holdings in shares of 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 acquiring an additional 34 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of S&P Global by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after acquiring an additional 63 shares during the period. Finally, BankPlus Trust Department bought a new position in shares of S&P Global in the fourth quarter worth $40,000. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Up 1.6 %

NYSE SPGI opened at $494.38 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $152.17 billion, a PE ratio of 40.03, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The business’s 50-day moving average is $513.56 and its 200 day moving average is $510.89.

S&P Global (NYSE:SPGI) last posted its earnings results 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 return on equity of 14.33% and a net margin of 27.12%. During the same period in the previous year, the firm earned $3.13 EPS. Sell-side analysts forecast 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 declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a $0.96 dividend. 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 dividend yield of 0.78%. The ex-dividend date was Wednesday, February 26th. S&P Global’s payout ratio is currently 31.09%.

Analyst Upgrades and Downgrades

SPGI has been the subject of several research analyst reports. Evercore ISI lifted their price objective on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. UBS Group lifted their price objective on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Citigroup initiated coverage on S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. Finally, Wells Fargo & Company lifted their price objective on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $590.86.

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.