Choreo LLC Acquires 15,266 Shares of S&P Global Inc. (NYSE:SPGI)

Choreo LLC lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 163.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,612 shares of the business services provider’s stock after acquiring an additional 15,266 shares during the period. Choreo LLC’s holdings in S&P Global were worth $12,257,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Northwest Investment Counselors LLC bought a new stake in S&P Global in the third quarter worth about $27,000. First Personal Financial Services purchased a new position in shares of S&P Global during the third quarter worth approximately $29,000. Capital Performance Advisors LLP purchased a new position in shares of S&P Global during the third quarter worth approximately $31,000. Voisard Asset Management Group Inc. increased its position in shares of S&P Global by 77.1% during 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 period. Finally, Dunhill Financial LLC increased its position in shares of 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 acquiring an additional 34 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on SPGI shares. Morgan Stanley raised their target price on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. BMO Capital Markets raised their target price on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Robert W. Baird lifted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Stifel Nicolaus lifted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Wells Fargo & Company cut 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 report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Trading Down 0.9 %

NYSE:SPGI opened at $513.59 on Wednesday. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The firm has a fifty day simple moving average of $506.19 and a 200-day simple moving average of $505.17. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $159.37 billion, a P/E ratio of 45.33, a PEG ratio of 2.40 and a beta of 1.20.

S&P Global Increases Dividend

The firm 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 dividend of $0.96 per share. The ex-dividend date is Wednesday, February 26th. 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 yield of 0.75%. S&P Global’s payout ratio 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.