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

Kingswood Wealth Advisors LLC grew its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 131.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,102 shares of the business services provider’s stock after buying an additional 1,193 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in S&P Global were worth $1,047,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new position in shares of S&P Global in the third quarter valued at $27,000. First Personal Financial Services purchased a new position in shares of S&P Global in the third quarter valued at $29,000. Capital Performance Advisors LLP purchased a new position in shares of S&P Global in the third quarter valued at $31,000. Voisard Asset Management Group Inc. boosted its stake 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 period. Finally, Dunhill Financial LLC boosted its stake in shares of S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 34 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several analyst reports. Robert W. Baird upped their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Citigroup assumed coverage on shares of S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 price objective on the stock. Morgan Stanley increased 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 note on Thursday, December 12th. Wells Fargo & Company reduced their price objective on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Finally, Evercore ISI assumed coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective on the stock. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Trading Down 0.0 %

Shares of NYSE:SPGI opened at $520.54 on Wednesday. The company has a market cap of $161.52 billion, a PE ratio of 45.94, a P/E/G ratio of 2.36 and a beta of 1.20. The company’s 50-day moving average price is $505.39 and its 200 day moving average price is $503.69. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global Increases Dividend

The company also recently disclosed 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 annualized dividend and a yield of 0.74%. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

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.