Opal Wealth Advisors LLC Has $887,000 Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Opal Wealth Advisors LLC boosted its stake in S&P Global Inc. (NYSE:SPGI) by 1.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,781 shares of the business services provider’s stock after acquiring an additional 30 shares during the quarter. Opal Wealth Advisors LLC’s holdings in S&P Global were worth $887,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new stake in S&P Global during the third quarter worth approximately $27,000. First Personal Financial Services bought a new stake in S&P Global in the 3rd quarter valued at about $29,000. Capital Performance Advisors LLP purchased a new position in S&P Global during the 3rd quarter valued at about $31,000. Voisard Asset Management Group Inc. increased 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 worth $32,000 after acquiring an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC lifted its stake in S&P Global by 94.4% during the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after purchasing an additional 34 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Performance

NYSE SPGI opened at $519.00 on Monday. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The stock has a fifty day simple moving average of $505.85 and a 200-day simple moving average of $505.61. The stock has a market cap of $161.05 billion, a PE ratio of 45.81, a P/E/G ratio of 2.39 and a beta of 1.20. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.

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 paid a $0.96 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

Analyst Ratings Changes

A number of research firms have recently weighed in on SPGI. Oppenheimer dropped their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Wells Fargo & Company lowered their price objective 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. Citigroup began coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. JPMorgan Chase & Co. cut their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, BMO Capital Markets raised their target price on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $584.54.

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.