Center for Financial Planning Inc. Buys 330 Shares of S&P Global Inc. (NYSE:SPGI)

Center for Financial Planning Inc. increased its holdings in S&P Global Inc. (NYSE:SPGI) by 15.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,438 shares of the business services provider’s stock after buying an additional 330 shares during the quarter. Center for Financial Planning Inc.’s holdings in S&P Global were worth $1,214,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Northwest Investment Counselors LLC bought a new stake in shares of S&P Global during the 3rd quarter valued at about $27,000. First Personal Financial Services bought a new stake in shares of S&P Global during the 3rd quarter valued at about $29,000. Capital Performance Advisors LLP bought a new stake in shares of S&P Global during the 3rd quarter valued at about $31,000. Voisard Asset Management Group Inc. grew its stake in shares of S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 27 shares during the period. Finally, Dunhill Financial LLC grew its stake in shares of S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 34 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on SPGI shares. Citigroup started coverage on S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. Morgan Stanley boosted their price objective on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday. Evercore ISI boosted their price objective on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday. Stifel Nicolaus boosted their price objective on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, UBS Group boosted their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and a consensus target price of $587.92.

S&P Global Stock Down 0.5 %

NYSE SPGI opened at $539.77 on Friday. 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 company has a market capitalization of $167.49 billion, a P/E ratio of 47.64, a P/E/G ratio of 2.39 and a beta of 1.20. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The stock has a 50 day moving average price of $506.92 and a 200-day moving average price of $506.78.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the company posted $3.13 earnings per share. As a group, equities analysts predict that S&P Global Inc. will post 15.34 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is presently 32.13%.

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.