S&P Global Inc. (NYSE:SPGI) Shares Bought by Horizon Investments LLC

Horizon Investments LLC raised its position in S&P Global Inc. (NYSE:SPGI) by 2.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,783 shares of the business services provider’s stock after purchasing an additional 147 shares during the period. Horizon Investments LLC’s holdings in S&P Global were worth $3,378,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SPGI. Human Investing LLC acquired a new stake in shares of S&P Global during the fourth quarter valued at $30,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global during the fourth quarter valued at $31,000. Dunhill Financial LLC boosted 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 worth $36,000 after buying an additional 34 shares during the last quarter. Sound Income Strategies LLC boosted its stake in S&P Global by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after buying an additional 63 shares during the last quarter. Finally, BankPlus Trust Department acquired a new stake in S&P Global in the 4th quarter worth about $40,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $490.26 on Wednesday. The company has a market cap of $150.90 billion, a P/E ratio of 39.70, a PEG ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The business’s 50-day simple moving average is $513.54 and its 200 day simple moving average is $510.73.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the prior year, the company posted $3.13 EPS. On average, sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. The ex-dividend date was Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.78%. S&P Global’s payout ratio is currently 31.09%.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of research analyst reports. UBS Group raised their price target on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Wells Fargo & Company raised their price target on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Oppenheimer decreased their price target on 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. Morgan Stanley raised their price objective on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, Mizuho began coverage on S&P Global in a report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $590.86.

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.