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

Foundations Investment Advisors LLC raised its holdings in S&P Global Inc. (NYSE:SPGI) by 19.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,661 shares of the business services provider’s stock after acquiring an additional 433 shares during the quarter. Foundations Investment Advisors LLC’s holdings in S&P Global were worth $1,325,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SPGI. Cornell Pochily Investment Advisors Inc. bought a new position in S&P Global in the fourth quarter worth approximately $537,000. James Hambro & Partners LLP lifted its position in S&P Global by 0.9% during the fourth quarter. James Hambro & Partners LLP now owns 217,029 shares of the business services provider’s stock valued at $108,173,000 after acquiring an additional 1,899 shares during the last quarter. United Asset Strategies Inc. increased its holdings in shares of S&P Global by 5.0% during the fourth quarter. United Asset Strategies Inc. now owns 3,202 shares of the business services provider’s stock valued at $1,595,000 after acquiring an additional 153 shares in the last quarter. KBC Group NV lifted its stake in S&P Global by 22.7% during the 4th quarter. KBC Group NV now owns 368,174 shares of the business services provider’s stock valued at $183,361,000 after acquiring an additional 68,109 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of S&P Global in the 4th quarter valued at $144,091,000. 87.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on SPGI shares. Oppenheimer dropped their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Evercore ISI started coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price on the stock. Wells Fargo & Company cut their price objective on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. 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 report on Friday, October 25th. Finally, Robert W. Baird increased their price target on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Stock Down 0.0 %

Shares of NYSE SPGI opened at $520.54 on Wednesday. The firm has a market cap of $161.52 billion, a price-to-earnings ratio of 45.94, a PEG ratio of 2.36 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. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The business’s 50 day moving average is $505.39 and its two-hundred day moving average is $503.69.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a $0.96 dividend. This is a positive change 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 presently 32.13%.

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.