Golden State Wealth Management LLC Makes New $49,000 Investment in S&P Global Inc. (NYSE:SPGI)

Golden State Wealth Management LLC bought a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 98 shares of the business services provider’s stock, valued at approximately $49,000.

Other institutional investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC grew its position in S&P Global by 163.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 224 shares of the business services provider’s stock worth $116,000 after purchasing an additional 139 shares during the period. Koshinski Asset Management Inc. purchased a new position in shares of S&P Global in the 3rd quarter worth $216,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in shares of S&P Global in the third quarter worth $286,000. ORG Wealth Partners LLC purchased a new stake in S&P Global during the third quarter valued at $231,000. Finally, Wedge Capital Management L L P NC bought a new position in S&P Global in the third quarter valued at about $263,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Oppenheimer cut their price target on 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. JPMorgan Chase & Co. cut their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Stifel Nicolaus increased their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Morgan Stanley boosted their price objective on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company decreased their target price 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. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $584.54.

S&P Global Stock Performance

NYSE:SPGI opened at $540.80 on Wednesday. The stock has a 50-day moving average price of $505.68 and a 200 day moving average price of $506.00. The stock has a market capitalization of $167.81 billion, a P/E ratio of 47.73, a P/E/G ratio of 2.39 and a beta of 1.20. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $542.00. 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 (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. During the same quarter last year, the company posted $3.13 earnings per share. Equities research analysts forecast that S&P Global Inc. will post 15.34 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a $0.96 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.71%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is presently 32.13%.

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.