Concord Wealth Partners Has $440,000 Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Concord Wealth Partners lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 15.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 883 shares of the business services provider’s stock after buying an additional 119 shares during the period. Concord Wealth Partners’ holdings in S&P Global were worth $440,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Czech National Bank lifted its holdings in shares of S&P Global by 6.9% in the third quarter. Czech National Bank now owns 65,228 shares of the business services provider’s stock worth $33,698,000 after acquiring an additional 4,229 shares during the last quarter. Central Valley Advisors LLC increased its position in S&P Global by 2.4% during the 3rd quarter. Central Valley Advisors LLC now owns 3,215 shares of the business services provider’s stock worth $1,661,000 after purchasing an additional 76 shares in the last quarter. Cullen Investment Group LTD. lifted its stake in S&P Global by 2.1% in the 3rd quarter. Cullen Investment Group LTD. now owns 3,742 shares of the business services provider’s stock valued at $1,933,000 after purchasing an additional 78 shares during the last quarter. GAMMA Investing LLC boosted its position in S&P Global by 20.6% in the third quarter. GAMMA Investing LLC now owns 3,033 shares of the business services provider’s stock valued at $1,567,000 after buying an additional 518 shares in the last quarter. Finally, Diversified Trust Co grew its stake in shares of S&P Global by 41.1% during the third quarter. Diversified Trust Co now owns 1,689 shares of the business services provider’s stock worth $873,000 after buying an additional 492 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Citigroup initiated coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective on the stock. JPMorgan Chase & Co. reduced their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Stifel Nicolaus raised their price objective on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. UBS Group boosted their target price on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Morgan Stanley raised their price target on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus target price of $584.54.

S&P Global Price Performance

Shares of NYSE SPGI opened at $521.44 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $161.80 billion, a price-to-earnings ratio of 46.02, a P/E/G ratio of 2.38 and a beta of 1.20. The company has a 50 day simple moving average of $506.40 and a two-hundred day simple moving average of $504.48. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29.

S&P Global Increases Dividend

The company also recently disclosed 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 yield of 0.74%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio is 32.13%.

About S&P Global

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.