MGB Wealth Management LLC Grows Stock Holdings in S&P Global Inc. (NYSE:SPGI)

MGB Wealth Management LLC increased its stake in S&P Global Inc. (NYSE:SPGI) by 8.2% during the 4th quarter, HoldingsChannel reports. The firm owned 501 shares of the business services provider’s stock after buying an additional 38 shares during the period. MGB Wealth Management LLC’s holdings in S&P Global were worth $250,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its holdings in shares of S&P Global by 163.5% in the third quarter. Exchange Traded Concepts LLC now owns 224 shares of the business services provider’s stock worth $116,000 after buying an additional 139 shares during the last quarter. Koshinski Asset Management Inc. bought a new position in S&P Global in the third quarter worth approximately $216,000. Wedge Capital Management L L P NC bought a new position in S&P Global in the third quarter worth approximately $263,000. Creative Planning boosted its stake in shares of S&P Global by 13.0% during the 3rd quarter. Creative Planning now owns 51,561 shares of the business services provider’s stock worth $26,638,000 after acquiring an additional 5,913 shares during the last quarter. Finally, Swedbank AB grew its position in shares of S&P Global by 11.8% during the 3rd quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock valued at $450,280,000 after acquiring an additional 92,115 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SPGI. StockNews.com raised S&P Global from a “hold” rating to a “buy” rating in a report on Wednesday. Morgan Stanley raised their price objective on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday. Citigroup started coverage on S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Finally, UBS Group lifted their price target on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $586.85.

S&P Global Price Performance

SPGI stock opened at $530.93 on Thursday. 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 company’s fifty day moving average price is $506.13 and its 200-day moving average price is $506.36. S&P Global Inc. has a one year low of $407.69 and a one year high of $542.00. The company has a market capitalization of $164.75 billion, a PE ratio of 46.86, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results 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 period in the prior year, the company posted $3.13 EPS. On average, equities analysts anticipate that S&P Global Inc. will post 15.34 EPS for the current fiscal year.

S&P Global Increases Dividend

The company 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. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Wednesday, February 26th. S&P Global’s payout ratio is currently 32.13%.

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.