Summit Trail Advisors LLC Acquires 1,636 Shares of S&P Global Inc. (NYSE:SPGI)

Summit Trail Advisors LLC increased its holdings in S&P Global Inc. (NYSE:SPGI) by 47.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,050 shares of the business services provider’s stock after acquiring an additional 1,636 shares during the quarter. Summit Trail Advisors LLC’s holdings in S&P Global were worth $2,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of SPGI. Exchange Traded Concepts LLC increased its stake in shares of S&P Global by 163.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 224 shares of the business services provider’s stock worth $116,000 after acquiring an additional 139 shares in the last quarter. Koshinski Asset Management Inc. bought a new stake in S&P Global during the 3rd quarter valued at about $216,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in S&P Global during the 3rd quarter valued at about $286,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in S&P Global by 8.6% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,660 shares of the business services provider’s stock valued at $1,374,000 after purchasing an additional 211 shares in the last quarter. Finally, Accelerate Investment Advisors LLC bought a new stake in S&P Global during the 3rd quarter valued at about $296,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

SPGI opened at $514.26 on Tuesday. 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 company has a market cap of $159.58 billion, a price-to-earnings ratio of 45.39, a PEG ratio of 2.39 and a beta of 1.20. The company’s 50 day moving average is $505.85 and its 200 day moving average is $505.78. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a $0.96 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SPGI shares. Wells Fargo & Company reduced their price objective on shares of 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. Robert W. Baird raised their price objective on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Morgan Stanley raised their price objective on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. 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 note on Tuesday, January 21st. Finally, Stifel Nicolaus raised their price objective on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $584.54.

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.