204 Shares in S&P Global Inc. (NYSE:SPGI) Bought by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 204 shares of the business services provider’s stock, valued at approximately $102,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. Swedbank AB boosted its position in S&P Global by 5.4% in the fourth quarter. Swedbank AB now owns 919,042 shares of the business services provider’s stock worth $457,710,000 after purchasing an additional 47,454 shares during the last quarter. Foster Victor Wealth Advisors LLC grew its position in S&P Global by 11.1% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 28,512 shares of the business services provider’s stock valued at $14,309,000 after buying an additional 2,859 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in S&P Global by 52.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 720,517 shares of the business services provider’s stock worth $358,839,000 after buying an additional 249,242 shares during the last quarter. Sumitomo Life Insurance Co. raised its position in S&P Global by 21.1% in the fourth quarter. Sumitomo Life Insurance Co. now owns 26,838 shares of the business services provider’s stock worth $13,366,000 after acquiring an additional 4,671 shares during the period. Finally, SteelPeak Wealth LLC purchased a new position in S&P Global in the fourth quarter valued at about $1,224,000. 87.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SPGI. Morgan Stanley raised 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. UBS Group lifted their price target on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. cut their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Stifel Nicolaus upped their price target on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, BMO Capital Markets raised their price objective on shares of S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Stock Up 1.2 %

Shares of S&P Global stock opened at $523.34 on Friday. The company’s 50 day moving average price is $506.04 and its 200-day moving average price is $504.08. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $162.39 billion, a price-to-earnings ratio of 46.19, a P/E/G ratio of 2.36 and a beta of 1.20.

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 given 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 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is currently 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.