Stratos Wealth Advisors LLC Acquires 286 Shares of S&P Global Inc. (NYSE:SPGI)

Stratos Wealth Advisors LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 46.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 896 shares of the business services provider’s stock after purchasing an additional 286 shares during the period. Stratos Wealth Advisors LLC’s holdings in S&P Global were worth $446,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. International Assets Investment Management LLC lifted its stake in S&P Global by 174,815.4% during the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after purchasing an additional 466,757 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of S&P Global in the third quarter valued at approximately $224,976,000. FMR LLC raised its stake in shares of S&P Global by 6.6% in the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after acquiring an additional 369,598 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of S&P Global in the fourth quarter valued at approximately $144,091,000. Finally, Wellington Management Group LLP raised its stake in shares of S&P Global by 3.4% in the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after acquiring an additional 292,436 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI opened at $519.00 on Friday. The company has a fifty day moving average price of $505.92 and a two-hundred day moving average price of $505.32. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29. The firm has a market capitalization of $161.05 billion, a PE ratio of 45.81, a P/E/G ratio of 2.40 and a beta of 1.20.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is currently 32.13%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SPGI shares. BMO Capital Markets lifted their target price on shares of S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. Oppenheimer cut their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. JPMorgan Chase & Co. cut their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Morgan Stanley boosted their price objective on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Stifel Nicolaus boosted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report 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 a consensus rating of “Moderate Buy” and an average target price of $584.54.

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.