Nilsine Partners LLC Acquires 48 Shares of S&P Global Inc. (NYSE:SPGI)

Nilsine Partners LLC raised its stake in S&P Global Inc. (NYSE:SPGI) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,041 shares of the business services provider’s stock after acquiring an additional 48 shares during the quarter. Nilsine Partners LLC’s holdings in S&P Global were worth $518,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Lebenthal Global Advisors LLC increased its holdings in S&P Global by 16.0% in the 4th quarter. Lebenthal Global Advisors LLC now owns 2,635 shares of the business services provider’s stock worth $1,312,000 after purchasing an additional 363 shares in the last quarter. Baldwin Wealth Partners LLC MA grew its holdings in shares of S&P Global by 7.1% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 19,885 shares of the business services provider’s stock worth $9,903,000 after purchasing an additional 1,312 shares during the last quarter. Foundations Investment Advisors LLC grew its holdings in shares of S&P Global by 19.4% during the fourth quarter. Foundations Investment Advisors LLC now owns 2,661 shares of the business services provider’s stock worth $1,325,000 after purchasing an additional 433 shares during the last quarter. Cornell Pochily Investment Advisors Inc. bought a new position in S&P Global in the 4th quarter valued at approximately $537,000. Finally, James Hambro & Partners LLP boosted its position in S&P Global by 0.9% during the 4th quarter. James Hambro & Partners LLP now owns 217,029 shares of the business services provider’s stock worth $108,173,000 after buying an additional 1,899 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Down 0.0 %

NYSE:SPGI opened at $520.54 on Wednesday. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. 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 stock has a market capitalization 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 firm has a fifty day simple moving average of $505.39 and a two-hundred day simple moving average of $503.69.

S&P Global Increases Dividend

The company also recently announced 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 an increase 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 currently 32.13%.

Analysts Set New Price Targets

SPGI has been the subject of several recent research reports. Morgan Stanley upped their price target on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. cut their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Evercore ISI assumed coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target for the company. Wells Fargo & Company cut their price objective 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. Finally, Citigroup assumed coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $584.54.

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.