Oakworth Capital Inc. Increases Position in S&P Global Inc. (NYSE:SPGI)

Oakworth Capital Inc. lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 81.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 335 shares of the business services provider’s stock after buying an additional 150 shares during the quarter. Oakworth Capital Inc.’s holdings in S&P Global were worth $167,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Diversified Trust Co grew its holdings in S&P Global by 41.1% during the 3rd quarter. Diversified Trust Co now owns 1,689 shares of the business services provider’s stock valued at $873,000 after buying an additional 492 shares in the last quarter. Atomi Financial Group Inc. boosted its position in shares of S&P Global by 13.6% during the third quarter. Atomi Financial Group Inc. now owns 1,195 shares of the business services provider’s stock worth $617,000 after acquiring an additional 143 shares during the last quarter. Strategic Wealth Partners Ltd. grew its stake in S&P Global by 9.5% during the third quarter. Strategic Wealth Partners Ltd. now owns 2,609 shares of the business services provider’s stock valued at $1,348,000 after acquiring an additional 227 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in S&P Global by 36.2% in the 3rd quarter. Hexagon Capital Partners LLC now owns 158 shares of the business services provider’s stock valued at $82,000 after acquiring an additional 42 shares during the last quarter. Finally, Wedmont Private Capital lifted its stake in S&P Global by 15.6% in the 3rd quarter. Wedmont Private Capital now owns 4,187 shares of the business services provider’s stock worth $2,120,000 after purchasing an additional 565 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $518.52 on Friday. 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 Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The company has a market capitalization of $160.90 billion, a price-to-earnings ratio of 45.76, a PEG ratio of 2.40 and a beta of 1.20. The firm’s 50-day moving average is $506.01 and its 200 day moving average is $505.23.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders 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. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global’s dividend payout ratio is currently 32.13%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SPGI shares. Robert W. Baird lifted their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Wells Fargo & Company decreased their price objective on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Oppenheimer lowered their target price on 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. JPMorgan Chase & Co. reduced their price target on shares of 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 increased their price objective on shares of S&P Global from $564.00 to $576.00 and gave the company 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 given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.