Hillsdale Investment Management Inc. Makes New $95,000 Investment in S&P Global Inc. (NYSE:SPGI)

Hillsdale Investment Management Inc. bought a new stake in S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 190 shares of the business services provider’s stock, valued at approximately $95,000.

A number of other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in S&P Global in the 4th quarter valued at approximately $527,207,000. Proficio Capital Partners LLC increased its position in S&P Global by 71,024.1% in the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock valued at $308,525,000 after acquiring an additional 618,620 shares during the period. FMR LLC raised its stake in shares of S&P Global by 6.6% during the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after acquiring an additional 369,598 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of S&P Global during the fourth quarter worth $144,091,000. Finally, Wellington Management Group LLP grew its stake in shares of S&P Global by 3.4% in the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after purchasing an additional 292,436 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of S&P Global stock opened at $504.00 on Tuesday. The business has a 50-day simple moving average of $514.28 and a 200 day simple moving average of $510.31. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $155.13 billion, a price-to-earnings ratio of 40.81, a PEG ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter last year, the business earned $3.13 EPS. On average, research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This is a boost 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 0.76%. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is currently 31.09%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of analyst reports. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Oppenheimer decreased their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Wells Fargo & Company raised their price target on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Morgan Stanley upped their price objective on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Finally, Mizuho began coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price for the company. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $590.86.

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.