First Affirmative Financial Network Lowers Stake in S&P Global Inc. (NYSE:SPGI)

First Affirmative Financial Network decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 2.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,441 shares of the business services provider’s stock after selling 38 shares during the quarter. First Affirmative Financial Network’s holdings in S&P Global were worth $718,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Northwest Investment Counselors LLC purchased a new stake in shares of S&P Global during the third quarter worth about $27,000. First Personal Financial Services acquired a new stake in S&P Global in the 3rd quarter worth about $29,000. Capital Performance Advisors LLP purchased a new stake in S&P Global during the 3rd quarter worth approximately $31,000. Voisard Asset Management Group Inc. raised its holdings in shares of S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC raised its holdings in shares of S&P Global by 94.4% during the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 34 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SPGI shares. Citigroup assumed coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. Oppenheimer lowered their target price on shares of 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. JPMorgan Chase & Co. reduced their target price 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. BMO Capital Markets boosted their price target 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. Finally, Stifel Nicolaus upped their price objective on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Trading Down 0.6 %

Shares of S&P Global stock opened at $517.31 on Thursday. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $160.52 billion, a price-to-earnings ratio of 45.66, a PEG ratio of 2.36 and a beta of 1.20. The stock has a 50 day moving average of $505.75 and a 200 day moving average of $503.99.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors 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 0.74%. 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. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

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.