ICW Investment Advisors LLC Boosts Stock Position in S&P Global Inc. (NYSE:SPGI)

ICW Investment Advisors LLC grew its holdings in S&P Global Inc. (NYSE:SPGI) by 6.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,209 shares of the business services provider’s stock after buying an additional 75 shares during the quarter. ICW Investment Advisors LLC’s holdings in S&P Global were worth $602,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SPGI. Angeles Investment Advisors LLC increased its position in shares of S&P Global by 7.8% during the fourth quarter. Angeles Investment Advisors LLC now owns 498 shares of the business services provider’s stock worth $248,000 after purchasing an additional 36 shares in the last quarter. Napatree Capital LLC lifted its stake in shares of S&P Global by 20.1% in the 4th quarter. Napatree Capital LLC now owns 698 shares of the business services provider’s stock valued at $348,000 after purchasing an additional 117 shares during the last quarter. Meridian Wealth Advisors LLC lifted its stake in shares of S&P Global by 2.2% in the 4th quarter. Meridian Wealth Advisors LLC now owns 11,507 shares of the business services provider’s stock valued at $5,731,000 after purchasing an additional 252 shares during the last quarter. LPL Financial LLC lifted its stake in shares of S&P Global by 6.6% in the 4th quarter. LPL Financial LLC now owns 270,099 shares of the business services provider’s stock valued at $134,556,000 after purchasing an additional 16,761 shares during the last quarter. Finally, Fox Run Management L.L.C. lifted its stake in S&P Global by 126.2% during the 4th quarter. Fox Run Management L.L.C. now owns 1,617 shares of the business services provider’s stock worth $805,000 after acquiring an additional 902 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SPGI shares. Evercore ISI increased their target price on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. BMO Capital Markets increased their target price on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Citigroup started coverage on S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Oppenheimer decreased their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Finally, Morgan Stanley increased their target price on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $590.86.

S&P Global Trading Up 0.1 %

SPGI opened at $497.62 on Monday. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The company has a market cap of $153.17 billion, a P/E ratio of 40.29, a PEG 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 business’s 50-day simple moving average is $513.85 and its 200-day simple moving average is $510.40.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating 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 prior year, the company posted $3.13 EPS. As a group, equities research analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a $0.96 dividend. The ex-dividend date of this dividend was 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 dividend yield of 0.77%. S&P Global’s dividend payout ratio is 31.09%.

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.