Millstone Evans Group LLC Invests $230,000 in S&P Global Inc. (NYSE:SPGI)

Millstone Evans Group LLC bought a new position in shares of S&P Global Inc. (NYSE:SPGI) during the 4th quarter, Holdings Channel reports. The institutional investor bought 461 shares of the business services provider’s stock, valued at approximately $230,000.

Several other institutional investors have also recently added to or reduced their stakes in SPGI. Swedbank AB boosted its holdings in shares of S&P Global by 11.8% in the 3rd 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 in the last quarter. Howard Capital Management Group LLC boosted its stake in S&P Global by 3.2% in the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock valued at $471,000 after acquiring an additional 28 shares in the last quarter. Avior Wealth Management LLC grew its holdings in shares of S&P Global by 18.4% during the third quarter. Avior Wealth Management LLC now owns 450 shares of the business services provider’s stock worth $232,000 after purchasing an additional 70 shares during the last quarter. Citizens Financial Group Inc. RI increased its position in shares of S&P Global by 5.2% during the third quarter. Citizens Financial Group Inc. RI now owns 3,923 shares of the business services provider’s stock worth $2,027,000 after purchasing an additional 193 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its holdings in shares of S&P Global by 4.9% in the 3rd quarter. King Luther Capital Management Corp now owns 48,194 shares of the business services provider’s stock valued at $24,898,000 after purchasing an additional 2,269 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SPGI. Citigroup initiated coverage on S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 price target on the stock. Evercore ISI lifted their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. UBS Group raised their price objective on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Morgan Stanley upped their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Finally, Wells Fargo & Company increased their target price on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $590.86.

S&P Global Stock Up 0.1 %

S&P Global stock opened at $497.62 on Friday. The stock’s 50 day moving average price is $513.85 and its 200 day moving average price is $510.42. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39. The company has a market cap of $153.17 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping 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 quarter last year, the company posted $3.13 EPS. On average, sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 0.77%. S&P Global’s dividend payout ratio (DPR) is 31.09%.

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.