GC Wealth Management RIA LLC Has $503,000 Stock Holdings in S&P Global Inc. (NYSE:SPGI)

GC Wealth Management RIA LLC reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 9.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,009 shares of the business services provider’s stock after selling 102 shares during the period. GC Wealth Management RIA LLC’s holdings in S&P Global were worth $503,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SPGI. Swedbank AB grew its holdings in shares of S&P Global by 11.8% during the third quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock valued at $450,280,000 after buying an additional 92,115 shares during the last quarter. Howard Capital Management Group LLC grew its holdings in shares of S&P Global by 3.2% during the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock valued at $471,000 after buying an additional 28 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of S&P Global during the third quarter valued at about $31,000. Assetmark Inc. grew its holdings in shares of S&P Global by 19.1% during the third quarter. Assetmark Inc. now owns 1,298 shares of the business services provider’s stock valued at $671,000 after buying an additional 208 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. grew its holdings in shares of S&P Global by 10.4% during the third quarter. Mesirow Financial Investment Management Inc. now owns 1,351 shares of the business services provider’s stock valued at $698,000 after buying an additional 127 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of SPGI stock opened at $480.51 on Wednesday. The firm’s 50-day simple moving average is $514.52 and its two-hundred day simple moving average is $511.46. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $147.90 billion, a price-to-earnings ratio of 38.91, a P/E/G ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same period last year, the company earned $3.13 EPS. As a group, equities analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is currently 31.09%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SPGI. Citigroup assumed coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. Morgan Stanley boosted their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Evercore ISI boosted their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. BMO Capital Markets boosted their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Finally, Oppenheimer cut their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $590.23.

S&P Global 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.