NovaPoint Capital LLC Purchases 196 Shares of S&P Global Inc. (NYSE:SPGI)

NovaPoint Capital LLC boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,493 shares of the business services provider’s stock after acquiring an additional 196 shares during the period. S&P Global makes up approximately 1.4% of NovaPoint Capital LLC’s holdings, making the stock its 22nd largest holding. NovaPoint Capital LLC’s holdings in S&P Global were worth $4,728,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPGI. Northwest Investment Counselors LLC bought a new stake in shares of S&P Global in the 3rd quarter valued at approximately $27,000. First Personal Financial Services bought a new stake in S&P Global during the 3rd quarter worth approximately $29,000. Capital Performance Advisors LLP bought a new stake in S&P Global during the 3rd quarter worth approximately $31,000. Voisard Asset Management Group Inc. grew its position in S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after acquiring an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC grew its position in S&P Global by 94.4% during the 3rd 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 last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Down 0.0 %

Shares of SPGI stock opened at $513.65 on Thursday. The firm has a 50 day moving average price of $506.19 and a two-hundred day moving average price of $505.17. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $159.39 billion, a PE ratio of 45.34, a price-to-earnings-growth ratio of 2.40 and a beta of 1.20. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. 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 payout ratio is presently 32.13%.

Analyst Ratings Changes

SPGI has been the topic of a number of research analyst reports. BMO Capital Markets increased their price target on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Morgan Stanley upped their price objective on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Wells Fargo & Company reduced their price objective on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. JPMorgan Chase & Co. reduced their price objective 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. Finally, 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. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $584.54.

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.