Accretive Wealth Partners LLC Decreases Stock Position in S&P Global Inc. (NYSE:SPGI)

Accretive Wealth Partners LLC trimmed its holdings in S&P Global Inc. (NYSE:SPGI) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,286 shares of the business services provider’s stock after selling 22 shares during the period. Accretive Wealth Partners LLC’s holdings in S&P Global were worth $1,138,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SPGI. International Assets Investment Management LLC raised its position in shares of S&P Global by 174,815.4% in the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after purchasing an additional 466,757 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of S&P Global during the 3rd quarter valued at approximately $224,976,000. FMR LLC raised its position in shares of S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after acquiring an additional 369,598 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of S&P Global during the 4th quarter valued at approximately $144,091,000. Finally, Wellington Management Group LLP raised its position in shares of S&P Global by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after acquiring an additional 292,436 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SPGI shares. StockNews.com raised S&P Global from a “hold” rating to a “buy” rating in a research report on Wednesday. Morgan Stanley upped their price target on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. dropped their price target 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. BMO Capital Markets increased their target price on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, UBS Group increased their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $587.92.

S&P Global Trading Down 0.5 %

NYSE:SPGI opened at $539.77 on Friday. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The stock has a market cap of $167.49 billion, a price-to-earnings ratio of 47.64, a PEG ratio of 2.39 and a beta of 1.20. The business has a fifty day moving average of $506.92 and a 200-day moving average of $506.78. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. During the same period in the previous year, the business earned $3.13 earnings per share. Equities analysts predict that S&P Global Inc. will post 15.34 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.71%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is currently 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.