Marks Group Wealth Management Inc Has $8.96 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Marks Group Wealth Management Inc boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,997 shares of the business services provider’s stock after acquiring an additional 358 shares during the period. Marks Group Wealth Management Inc’s holdings in S&P Global were worth $8,963,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new stake in S&P Global in the 3rd quarter valued at approximately $27,000. First Personal Financial Services bought a new position in S&P Global during the third quarter worth about $29,000. Capital Performance Advisors LLP acquired a new position in shares of S&P Global during the 3rd quarter worth approximately $31,000. Voisard Asset Management Group Inc. increased its holdings in shares of S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC grew its stake in S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after buying an additional 34 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of NYSE SPGI opened at $540.80 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm has a market cap of $167.81 billion, a price-to-earnings ratio of 47.73, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $542.00. The stock has a fifty day simple moving average of $505.68 and a two-hundred day simple moving average of $506.00.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. During the same period in the prior year, the company posted $3.13 earnings per share. Analysts anticipate that S&P Global Inc. will post 15.34 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. 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 yield of 0.71%. S&P Global’s payout ratio is 32.13%.

Wall Street Analyst Weigh In

A number of research analysts have commented on SPGI shares. Citigroup initiated coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective on the stock. BMO Capital Markets upped their price target 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. UBS Group lifted their price objective on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Stifel Nicolaus increased their target price 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. Finally, Oppenheimer dropped their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $584.54.

S&P Global 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.