Elm3 Financial Group LLC Purchases Shares of 1,030 S&P Global Inc. (NYSE:SPGI)

Elm3 Financial Group LLC acquired a new position in S&P Global Inc. (NYSE:SPGI) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 1,030 shares of the business services provider’s stock, valued at approximately $513,000.

A number of other large investors have also recently made changes to their positions in the business. Wellington Management Group LLP raised its stake 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 buying an additional 292,436 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of S&P Global by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock worth $3,332,016,000 after acquiring an additional 113,146 shares during the period. FMR LLC lifted its stake in shares of 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 valued at $3,081,830,000 after purchasing an additional 369,598 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in S&P Global by 1.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock worth $1,401,909,000 after purchasing an additional 28,458 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in S&P Global by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,936,697 shares of the business services provider’s stock worth $1,000,536,000 after purchasing an additional 26,300 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

NYSE SPGI opened at $513.65 on Thursday. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The stock has a 50-day moving average of $506.19 and a 200 day moving average of $505.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization 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 Increases Dividend

The business 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 represents a $3.84 annualized dividend and a dividend yield of 0.75%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s payout ratio is presently 32.13%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. UBS Group boosted their target price on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. 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 note on Monday, October 28th. Robert W. Baird raised their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Wells Fargo & Company dropped their price target on 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. Finally, Citigroup initiated coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.