S&P Global Inc. (NYSE:SPGI) Shares Purchased by Baron Wealth Management LLC

Baron Wealth Management LLC grew its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,043 shares of the business services provider’s stock after buying an additional 55 shares during the period. S&P Global accounts for about 0.5% of Baron Wealth Management LLC’s investment portfolio, making the stock its 27th biggest holding. Baron Wealth Management LLC’s holdings in S&P Global were worth $1,018,000 at the end of the most recent quarter.

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

S&P Global Stock Down 0.6 %

Shares of NYSE SPGI opened at $517.31 on Thursday. The firm has a 50 day moving average price of $505.75 and a 200 day moving average price of $503.99. The stock has a market cap of $160.52 billion, a P/E ratio of 45.66, a P/E/G ratio of 2.36 and a beta of 1.20. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. 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 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 paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. S&P Global’s payout ratio is presently 32.13%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SPGI shares. Citigroup initiated coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective on the stock. Evercore ISI started coverage on S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price for the company. Wells Fargo & Company cut their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a report on Friday, January 10th. UBS Group increased their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Oppenheimer decreased their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. 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 currently has a consensus rating of “Moderate Buy” and an average target price of $584.54.

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.