Concord Asset Management LLC VA Buys 101 Shares of S&P Global Inc. (NYSE:SPGI)

Concord Asset Management LLC VA grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 17.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 679 shares of the business services provider’s stock after buying an additional 101 shares during the quarter. Concord Asset Management LLC VA’s holdings in S&P Global were worth $338,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SPGI. Chicago Partners Investment Group LLC boosted its stake in shares of S&P Global by 6.7% in the 4th quarter. Chicago Partners Investment Group LLC now owns 1,435 shares of the business services provider’s stock valued at $712,000 after purchasing an additional 90 shares during the last quarter. Waldron Private Wealth LLC boosted its position in S&P Global by 4.6% during the fourth quarter. Waldron Private Wealth LLC now owns 1,978 shares of the business services provider’s stock valued at $985,000 after acquiring an additional 87 shares during the last quarter. Everett Harris & Co. CA grew its holdings in S&P Global by 3.9% during the 4th quarter. Everett Harris & Co. CA now owns 1,397 shares of the business services provider’s stock worth $696,000 after acquiring an additional 52 shares during the period. Austin Private Wealth LLC raised its position in shares of S&P Global by 21.7% in the 4th quarter. Austin Private Wealth LLC now owns 549 shares of the business services provider’s stock worth $273,000 after acquiring an additional 98 shares in the last quarter. Finally, Caprock Group LLC lifted its stake in shares of S&P Global by 5.9% in the 4th quarter. Caprock Group LLC now owns 12,769 shares of the business services provider’s stock valued at $6,359,000 after purchasing an additional 714 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Performance

NYSE SPGI opened at $521.44 on Friday. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The company has a fifty day moving average of $506.40 and a 200-day moving average of $504.48. The company has a market capitalization of $161.80 billion, a P/E ratio of 46.02, a P/E/G ratio of 2.38 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global Increases Dividend

The company 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 dividend of $0.96 per share. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.74%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is 32.13%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SPGI. Morgan Stanley increased their target price on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. UBS Group lifted their price objective 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. BMO Capital Markets upped their target price on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. cut their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, Citigroup began coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $584.54.

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.