Kestra Private Wealth Services LLC Grows Holdings in S&P Global Inc. (NYSE:SPGI)

Kestra Private Wealth Services LLC raised its position in S&P Global Inc. (NYSE:SPGI) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,215 shares of the business services provider’s stock after buying an additional 1,946 shares during the period. Kestra Private Wealth Services LLC’s holdings in S&P Global were worth $11,064,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of SPGI. Northwest Investment Counselors LLC purchased a new stake in shares of S&P Global during the third quarter valued at approximately $27,000. First Personal Financial Services purchased a new stake in shares of S&P Global during the 3rd quarter valued at $29,000. Capital Performance Advisors LLP bought a new stake in shares of S&P Global during the 3rd quarter worth $31,000. Voisard Asset Management Group Inc. raised its stake in shares of S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after purchasing an additional 27 shares during the period. Finally, Dunhill Financial LLC boosted its holdings in shares of S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after buying an additional 34 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the topic of several research reports. UBS Group lifted their price objective on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company lowered their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Morgan Stanley increased their price objective on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. lowered their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Finally, Stifel Nicolaus increased their price target on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $584.54.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $519.00 on Friday. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. 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 stock has a market cap of $161.05 billion, a P/E ratio of 45.81, a P/E/G ratio of 2.39 and a beta of 1.20. The company has a 50 day moving average of $505.85 and a 200 day moving average of $505.54.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a $0.96 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is presently 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.