Cyrus J. Lawrence LLC Acquires 90 Shares of S&P Global Inc. (NYSE:SPGI)

Cyrus J. Lawrence LLC lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,782 shares of the business services provider’s stock after buying an additional 90 shares during the period. S&P Global comprises 2.1% of Cyrus J. Lawrence LLC’s holdings, making the stock its 17th largest holding. Cyrus J. Lawrence LLC’s holdings in S&P Global were worth $10,847,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Human Investing LLC bought a new position in S&P Global during the 4th quarter valued at about $30,000. Noble Wealth Management PBC bought a new position in S&P Global during the 4th quarter valued at about $31,000. Dunhill Financial LLC grew its holdings in S&P Global by 94.4% during 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. Sound Income Strategies LLC grew its holdings in S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 63 shares during the last quarter. Finally, BankPlus Trust Department bought a new position in S&P Global during the 4th quarter valued at about $40,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

Shares of SPGI opened at $497.62 on Friday. The company has a 50 day moving average price of $513.85 and a 200-day moving average price of $510.42. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The stock has a market capitalization of $153.17 billion, a PE ratio of 40.29, 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 (NYSE:SPGI) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS 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 quarter in the previous year, the business earned $3.13 earnings per share. Equities analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.96 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.77%. S&P Global’s dividend payout ratio is presently 31.09%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SPGI shares. UBS Group upped their price target on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Wells Fargo & Company boosted their price objective on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Citigroup initiated coverage on shares of S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Oppenheimer lowered their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Finally, BMO Capital Markets boosted their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average price target of $590.86.

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.