Atria Wealth Solutions Inc. Increases Holdings in S&P Global Inc. (NYSE:SPGI)

Atria Wealth Solutions Inc. increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 12.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,519 shares of the business services provider’s stock after buying an additional 1,265 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in S&P Global were worth $5,736,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new stake in S&P Global in the third quarter valued at $27,000. First Personal Financial Services purchased a new stake in S&P Global in the third quarter valued at $29,000. Human Investing LLC purchased a new stake in S&P Global in the fourth quarter valued at $30,000. Capital Performance Advisors LLP purchased a new stake in S&P Global in the third quarter valued at $31,000. Finally, Voisard Asset Management Group Inc. raised its position in 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 valued at $32,000 after purchasing an additional 27 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. BMO Capital Markets lifted their target price on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Citigroup assumed coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. UBS Group lifted their price objective on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Oppenheimer dropped their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $590.23.

S&P Global Trading Down 0.2 %

NYSE:SPGI opened at $542.61 on Thursday. The stock has a 50-day simple moving average of $509.06 and a 200-day simple moving average of $508.41. The stock has a market cap of $167.02 billion, a P/E ratio of 43.94, a P/E/G ratio of 2.42 and a beta of 1.20. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

S&P Global (NYSE:SPGI) last released its quarterly earnings data 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 14.33% and a net margin of 27.12%. During the same quarter in the previous year, the company posted $3.13 earnings per share. As a group, analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given 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 dividend yield of 0.71%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio is currently 31.09%.

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.