NovaPoint Capital LLC Has $4.73 Million Stake in S&P Global Inc. (NYSE:SPGI)

NovaPoint Capital LLC increased its holdings in S&P Global Inc. (NYSE:SPGI) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,493 shares of the business services provider’s stock after buying an additional 196 shares during the period. S&P Global accounts for 1.4% of NovaPoint Capital LLC’s holdings, making the stock its 22nd largest position. NovaPoint Capital LLC’s holdings in S&P Global were worth $4,728,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. First National Corp MA ADV grew its stake in shares of S&P Global by 0.9% during the third quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock worth $1,211,000 after buying an additional 20 shares during the last quarter. Kathleen S. Wright Associates Inc. grew its stake in shares of S&P Global by 25.0% in the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock worth $51,000 after purchasing an additional 20 shares during the last quarter. Trust Point Inc. grew its stake in shares of S&P Global by 1.4% in the third quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock worth $725,000 after purchasing an additional 20 shares during the last quarter. Headinvest LLC grew its stake in shares of S&P Global by 2.0% in the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after purchasing an additional 20 shares during the last quarter. Finally, EWA LLC lifted its holdings in S&P Global by 4.2% in the third quarter. EWA LLC now owns 498 shares of the business services provider’s stock valued at $254,000 after buying an additional 20 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SPGI shares. Robert W. Baird increased their price objective on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Citigroup assumed coverage on shares of S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. Morgan Stanley raised 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. Stifel Nicolaus raised their price target on shares of 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, Oppenheimer dropped 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 research report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $584.54.

S&P Global Trading Down 0.0 %

Shares of SPGI stock opened at $513.65 on Thursday. The company has a 50 day moving average of $506.19 and a 200-day moving average of $505.17. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. The firm has a market cap of $159.39 billion, a P/E ratio of 45.34, a PEG ratio of 2.40 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. Investors 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 0.75%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s payout ratio is currently 32.13%.

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.