Crewe Advisors LLC Invests $338,000 in S&P Global Inc. (NYSE:SPGI)

Crewe Advisors LLC bought a new position in S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 678 shares of the business services provider’s stock, valued at approximately $338,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC purchased a new stake in S&P Global in the third quarter worth $27,000. First Personal Financial Services purchased a new stake in shares of S&P Global during the third quarter worth about $29,000. Capital Performance Advisors LLP purchased a new position in S&P Global in the 3rd quarter worth $31,000. Voisard Asset Management Group Inc. lifted its stake in 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 valued at $32,000 after acquiring an additional 27 shares during the period. Finally, Dunhill Financial LLC boosted its stake in shares of S&P Global by 94.4% in the third 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.

S&P Global Stock Performance

S&P Global stock opened at $513.65 on Thursday. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The stock’s 50-day moving average is $506.19 and its 200-day moving average is $505.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $159.39 billion, a price-to-earnings ratio of 45.34, a price-to-earnings-growth 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. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is 32.13%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SPGI shares. Oppenheimer decreased their target price on 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. Morgan Stanley upped their price objective on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. UBS Group upped their price target on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. cut their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, BMO Capital Markets upped their target price on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus 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.