Adero Partners LLC Has $287,000 Stock Position in S&P Global Inc. (NYSE:SPGI)

Adero Partners LLC lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 576 shares of the business services provider’s stock after purchasing an additional 31 shares during the period. Adero Partners LLC’s holdings in S&P Global were worth $287,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SPGI shares. Oppenheimer reduced their target price 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. Robert W. Baird boosted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Citigroup initiated coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price target for the company. Finally, Wells Fargo & Company dropped their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Stock Down 0.0 %

NYSE SPGI opened at $513.65 on Thursday. The company has a market cap of $159.39 billion, a price-to-earnings ratio of 45.34, a PEG ratio of 2.40 and a beta of 1.20. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average of $506.19 and a 200-day moving average of $505.17.

S&P Global Increases Dividend

The company 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 $0.96 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

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.