Campbell Wealth Management Invests $314,000 in S&P Global Inc. (NYSE:SPGI)

Campbell Wealth Management purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the 4th quarter, Holdings Channel reports. The fund purchased 630 shares of the business services provider’s stock, valued at approximately $314,000.

A number of other institutional investors have also added to or reduced their stakes in SPGI. Exchange Traded Concepts LLC raised its position in S&P Global by 163.5% in the third quarter. Exchange Traded Concepts LLC now owns 224 shares of the business services provider’s stock valued at $116,000 after purchasing an additional 139 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in S&P Global in the 3rd quarter valued at approximately $263,000. Creative Planning raised its holdings in S&P Global by 13.0% in the 3rd quarter. Creative Planning now owns 51,561 shares of the business services provider’s stock valued at $26,638,000 after buying an additional 5,913 shares during the last quarter. Swedbank AB grew its holdings in S&P Global by 11.8% during the 3rd quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock worth $450,280,000 after acquiring an additional 92,115 shares during the last quarter. Finally, SeaCrest Wealth Management LLC increased its position in S&P Global by 3.5% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 1,040 shares of the business services provider’s stock valued at $537,000 after acquiring an additional 35 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

SPGI stock opened at $542.44 on Friday. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $542.77. The stock has a market capitalization of $168.32 billion, a PE ratio of 47.88, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. The company’s 50-day moving average is $506.35 and its 200-day moving average is $506.53. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. During the same period in the previous year, the firm earned $3.13 earnings per share. Equities research analysts expect that S&P Global Inc. will post 15.34 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. 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 dividend yield of 0.71%. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SPGI shares. Morgan Stanley boosted their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday. BMO Capital Markets upped their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. decreased their price target on 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. StockNews.com raised S&P Global from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Citigroup started coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $587.92.

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.