Bleakley Financial Group LLC Acquires 73 Shares of S&P Global Inc. (NYSE:SPGI)

Bleakley Financial Group LLC increased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,029 shares of the business services provider’s stock after buying an additional 73 shares during the period. Bleakley Financial Group LLC’s holdings in S&P Global were worth $3,501,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. NovaPoint Capital LLC raised its stake in shares of S&P Global by 2.1% during the fourth quarter. NovaPoint Capital LLC now owns 9,493 shares of the business services provider’s stock worth $4,728,000 after buying an additional 196 shares during the last quarter. Tyche Wealth Partners LLC raised its stake in shares of S&P Global by 310.9% during the fourth quarter. Tyche Wealth Partners LLC now owns 2,498 shares of the business services provider’s stock worth $1,244,000 after buying an additional 1,890 shares during the last quarter. Crewe Advisors LLC bought a new stake in shares of S&P Global during the fourth quarter worth approximately $338,000. Choreo LLC raised its stake in shares of S&P Global by 163.3% during the fourth quarter. Choreo LLC now owns 24,612 shares of the business services provider’s stock worth $12,257,000 after buying an additional 15,266 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of S&P Global by 18.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,349 shares of the business services provider’s stock worth $28,660,000 after buying an additional 8,983 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SPGI. Morgan Stanley upped their target price 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. BMO Capital Markets upped their target price on shares of S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. Citigroup began coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. Stifel Nicolaus upped their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Oppenheimer lowered their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and a consensus target price of $584.54.

S&P Global Stock Performance

Shares of SPGI opened at $518.52 on Friday. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The firm has a fifty day simple moving average of $506.01 and a 200 day simple moving average of $505.23. The stock has a market capitalization of $160.90 billion, a price-to-earnings ratio of 45.76, a PEG ratio of 2.40 and a beta of 1.20. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.74%. S&P Global’s dividend payout ratio is presently 33.89%.

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.