S&P Global Inc. (NYSE:SPGI) Shares Acquired by Caprock Group LLC

Caprock Group LLC increased its position in S&P Global Inc. (NYSE:SPGI) by 5.9% in the fourth quarter, Holdings Channel reports. The firm owned 12,769 shares of the business services provider’s stock after purchasing an additional 714 shares during the quarter. Caprock Group LLC’s holdings in S&P Global were worth $6,359,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new stake in shares of S&P Global during the third quarter worth $27,000. First Personal Financial Services bought a new stake in shares of S&P Global during the 3rd quarter valued at about $29,000. Capital Performance Advisors LLP bought a new stake in shares of S&P Global during the 3rd quarter valued at about $31,000. Voisard Asset Management Group Inc. lifted its holdings in 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 worth $32,000 after acquiring an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC boosted its stake in 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 acquiring an additional 34 shares during the period. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Down 0.4 %

S&P Global stock opened at $521.44 on Friday. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $161.80 billion, a PE ratio of 46.02, a price-to-earnings-growth ratio of 2.38 and a beta of 1.20. The firm has a 50 day simple moving average of $506.26 and a 200-day simple moving average of $504.21.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. S&P Global’s dividend payout ratio (DPR) is 32.13%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SPGI shares. Robert W. Baird increased their price target on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. BMO Capital Markets increased their target price on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Citigroup started coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price target for the company. Oppenheimer dropped their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Finally, UBS Group upped their target price on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.