Naviter Wealth LLC Has $314,000 Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Naviter Wealth LLC grew its position in S&P Global Inc. (NYSE:SPGI) by 8.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 631 shares of the business services provider’s stock after acquiring an additional 50 shares during the period. Naviter Wealth LLC’s holdings in S&P Global were worth $314,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. First Personal Financial Services bought a new position in S&P Global during the third quarter worth about $29,000. Human Investing LLC bought a new position in shares of S&P Global during the 4th quarter valued at about $30,000. Capital Performance Advisors LLP bought a new position in shares of S&P Global during the 3rd quarter valued at about $31,000. Noble Wealth Management PBC acquired a new position in shares of S&P Global in the 4th quarter valued at approximately $31,000. Finally, Dunhill Financial LLC increased its stake in S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SPGI. Evercore ISI lifted their price target on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. UBS Group boosted their price objective on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Wells Fargo & Company increased their target price on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Morgan Stanley increased their price objective on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $590.23.

S&P Global Trading Down 3.3 %

Shares of S&P Global stock opened at $497.35 on Monday. The stock has a market cap of $153.08 billion, a P/E ratio of 40.27, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. The business’s 50 day moving average is $515.06 and its 200-day moving average is $511.68.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter last year, the company earned $3.13 EPS. Equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced 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 is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is 31.09%.

S&P Global 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.