Columbus Macro LLC Has $5.09 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Columbus Macro LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 490.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,221 shares of the business services provider’s stock after purchasing an additional 8,489 shares during the period. Columbus Macro LLC’s holdings in S&P Global were worth $5,090,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SPGI. Northwest Investment Counselors LLC acquired a new position in S&P Global during the 3rd quarter worth approximately $27,000. First Personal Financial Services bought a new position in S&P Global in the 3rd quarter valued at approximately $29,000. Capital Performance Advisors LLP acquired a new position in shares of S&P Global during the third quarter worth $31,000. Voisard Asset Management Group Inc. increased its position in shares of S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after buying an additional 27 shares during the period. Finally, Dunhill Financial LLC grew its holdings in 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 purchasing an additional 34 shares during the period. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Robert W. Baird raised their target price on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Stifel Nicolaus boosted their price target on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Wells Fargo & Company reduced their price objective on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Morgan Stanley boosted their price target on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, Oppenheimer cut their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $518.53 on Tuesday. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The business’s fifty day moving average price is $506.40 and its two-hundred day moving average price is $504.70. 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 stock has a market cap of $160.90 billion, a PE ratio of 45.77, a price-to-earnings-growth ratio of 2.40 and a beta of 1.20.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a $0.96 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Wednesday, February 26th. S&P Global’s payout ratio is currently 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.