Shepherd Financial Partners LLC Acquires 37 Shares of S&P Global Inc. (NYSE:SPGI)

Shepherd Financial Partners LLC grew its holdings in S&P Global Inc. (NYSE:SPGI) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,304 shares of the business services provider’s stock after purchasing an additional 37 shares during the period. Shepherd Financial Partners LLC’s holdings in S&P Global were worth $1,148,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SPGI. Nordea Investment Management AB lifted its stake in S&P Global by 52.0% in the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after purchasing an additional 225,370 shares in the last quarter. GDS Wealth Management raised its position in shares of S&P Global by 7.0% in the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock worth $14,134,000 after buying an additional 1,801 shares in the last quarter. Sanctuary Advisors LLC raised its position in shares of S&P Global by 12.6% in the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock worth $14,198,000 after buying an additional 3,093 shares in the last quarter. Eastern Bank boosted its stake in S&P Global by 3.1% during the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock valued at $24,980,000 after buying 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 worth about $27,170,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SPGI has been the subject of a number of research analyst reports. Oppenheimer dropped their price target on 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. JPMorgan Chase & Co. dropped 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 research report on Friday, October 25th. BMO Capital Markets increased their price target 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. Robert W. Baird lifted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company reduced their target price on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Trading Down 0.0 %

Shares of SPGI stock opened at $519.00 on Friday. 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 business has a 50-day moving average of $505.92 and a 200 day moving average of $505.32. The stock has a market capitalization of $161.05 billion, a PE ratio of 45.81, a P/E/G ratio of 2.40 and a beta of 1.20. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29.

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