Concurrent Investment Advisors LLC Buys 685 Shares of S&P Global Inc. (NYSE:SPGI)

Concurrent Investment Advisors LLC lifted its stake in S&P Global Inc. (NYSE:SPGI) by 9.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,952 shares of the business services provider’s stock after acquiring an additional 685 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in S&P Global were worth $3,961,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. First Personal Financial Services bought a new stake in S&P Global during the third quarter worth $29,000. Capital Performance Advisors LLP acquired a new position in shares of S&P Global during the 3rd quarter worth about $31,000. Human Investing LLC bought a new stake in shares of S&P Global in the 4th quarter valued at about $30,000. Voisard Asset Management Group Inc. lifted its stake in S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC lifted its stake in S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. BMO Capital Markets upped their price objective on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. reduced 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. Morgan Stanley upped their price objective on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Finally, UBS Group raised their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $590.23.

S&P Global Price Performance

Shares of S&P Global stock opened at $536.21 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $165.05 billion, a price-to-earnings ratio of 43.42, a price-to-earnings-growth ratio of 2.44 and a beta of 1.20. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The company has a 50-day simple moving average of $509.53 and a two-hundred day simple moving average of $508.60.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the business earned $3.13 earnings per share. Analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.72%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio is presently 29.47%.

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.