Elm3 Financial Group LLC Invests $513,000 in S&P Global Inc. (NYSE:SPGI)

Elm3 Financial Group LLC bought a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the 4th quarter, Holdings Channel reports. The firm bought 1,030 shares of the business services provider’s stock, valued at approximately $513,000.

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

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. UBS Group upped their target price on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Morgan Stanley upped their price objective on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Wells Fargo & Company decreased their target price on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Robert W. Baird upped their price target on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Oppenheimer reduced their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $513.65 on Thursday. The firm has a fifty day simple moving average of $506.19 and a two-hundred day simple moving average of $505.17. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29. 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 stock has a market capitalization of $159.39 billion, a P/E ratio of 45.34, a PEG ratio of 2.40 and a beta of 1.20.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.75%. The ex-dividend date is Wednesday, February 26th. S&P Global’s payout ratio is presently 32.13%.

About S&P Global

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.