EverSource Wealth Advisors LLC Has $562,000 Holdings in S&P Global Inc. (NYSE:SPGI)

EverSource Wealth Advisors LLC boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 74.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,129 shares of the business services provider’s stock after buying an additional 481 shares during the period. EverSource Wealth Advisors LLC’s holdings in S&P Global were worth $562,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Human Investing LLC bought a new stake in shares of S&P Global during the 4th quarter worth approximately $30,000. Noble Wealth Management PBC acquired a new position in S&P Global during the fourth quarter valued at approximately $31,000. Dunhill Financial LLC lifted its stake in S&P Global by 94.4% during the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after purchasing an additional 34 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in shares of S&P Global by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 63 shares in the last quarter. Finally, BankPlus Trust Department bought a new position in shares of S&P Global in the 4th quarter valued at $40,000. 87.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SPGI has been the subject of several recent analyst reports. Oppenheimer dropped their price objective on 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. Citigroup started coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. Morgan Stanley lifted their price target on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Mizuho started coverage on shares of S&P Global in a research note on Wednesday. They issued an “outperform” rating and a $599.00 price objective for the company. Finally, UBS Group boosted their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $590.86.

S&P Global Price Performance

S&P Global stock opened at $486.67 on Friday. The stock has a market capitalization of $149.80 billion, a price-to-earnings ratio of 39.41, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock’s 50 day moving average price is $513.56 and its two-hundred day moving average price is $510.91.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same period in the previous year, the business earned $3.13 earnings per share. On average, equities analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.79%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. S&P Global’s payout ratio is presently 31.09%.

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.