Mezzasalma Advisors LLC Grows Position in S&P Global Inc. (NYSE:SPGI)

Mezzasalma Advisors LLC boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 24.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 527 shares of the business services provider’s stock after buying an additional 105 shares during the quarter. Mezzasalma Advisors LLC’s holdings in S&P Global were worth $262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SPGI. Nordea Investment Management AB increased its position in shares of S&P Global by 52.0% during the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after buying an additional 225,370 shares during the period. GDS Wealth Management lifted its stake in shares of S&P Global by 7.0% in the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after purchasing an additional 1,801 shares during the period. Sanctuary Advisors LLC boosted its position in shares of S&P Global by 12.6% during the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after purchasing an additional 3,093 shares in the last quarter. Eastern Bank grew its stake in S&P Global by 3.1% in the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock worth $24,980,000 after purchasing an additional 1,530 shares during the period. Finally, Oddo BHF Asset Management Sas purchased a new position in S&P Global during the third quarter valued at $27,170,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SPGI. Morgan Stanley upped their price objective on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Citigroup started coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective on the stock. BMO Capital Markets raised their price objective 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. reduced their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, Stifel Nicolaus lifted their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Trading Down 0.0 %

SPGI stock opened at $519.00 on Friday. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The stock has a market capitalization of $161.05 billion, a price-to-earnings ratio of 45.81, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm’s fifty day simple moving average is $505.92 and its two-hundred day simple moving average is $505.32.

S&P Global Increases Dividend

The business also recently announced 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 positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global’s dividend payout ratio (DPR) is 32.13%.

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.