Americana Partners LLC Makes New $6.97 Million Investment in S&P Global Inc. (NYSE:SPGI)

Americana Partners LLC bought a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,987 shares of the business services provider’s stock, valued at approximately $6,966,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Sierra Ocean LLC bought a new position in shares of S&P Global during the 4th quarter valued at approximately $142,000. Valmark Advisers Inc. bought a new position in shares of S&P Global during the 4th quarter valued at approximately $320,000. Blue Zone Wealth Advisors LLC boosted its position in shares of S&P Global by 1.6% during the 4th quarter. Blue Zone Wealth Advisors LLC now owns 11,253 shares of the business services provider’s stock valued at $5,604,000 after acquiring an additional 175 shares during the last quarter. WD Rutherford LLC boosted its position in shares of S&P Global by 7.0% during the 4th quarter. WD Rutherford LLC now owns 5,565 shares of the business services provider’s stock valued at $2,772,000 after acquiring an additional 365 shares during the last quarter. Finally, Allworth Financial LP boosted its position in shares of S&P Global by 29.6% during the 4th quarter. Allworth Financial LP now owns 1,951 shares of the business services provider’s stock valued at $997,000 after acquiring an additional 446 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

SPGI stock opened at $539.77 on Monday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The business’s fifty day simple moving average is $507.39 and its two-hundred day simple moving average is $507.26. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The firm has a market cap of $167.49 billion, a price-to-earnings ratio of 47.64, a PEG ratio of 2.39 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. During the same period last year, the business earned $3.13 EPS. Analysts predict that S&P Global Inc. will post 15.34 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently declared 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 is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.71%. S&P Global’s dividend payout ratio is presently 32.13%.

Analysts Set New Price Targets

SPGI has been the subject of a number of research reports. Stifel Nicolaus increased their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Morgan Stanley increased their price target on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. decreased their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. BMO Capital Markets increased their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Robert W. Baird increased their price target on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $587.92.

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.