Focus Financial Network Inc. ADV Purchases Shares of 582 S&P Global Inc. (NYSE:SPGI)

Focus Financial Network Inc. ADV purchased a new stake in shares of S&P Global Inc. (NYSE:SPGIFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 582 shares of the business services provider’s stock, valued at approximately $256,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Private Wealth Management Group LLC purchased a new position in S&P Global during the 4th quarter worth $26,000. Valued Wealth Advisors LLC purchased a new position in shares of S&P Global in the 4th quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group boosted its holdings in shares of S&P Global by 64.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after buying an additional 25 shares during the last quarter. Fortis Group Advisors LLC purchased a new position in shares of S&P Global in the 3rd quarter worth about $33,000. Finally, LFA Lugano Financial Advisors SA boosted its holdings in shares of S&P Global by 200.0% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock worth $33,000 after buying an additional 50 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.4 %

Shares of SPGI opened at $429.26 on Tuesday. The business’s 50-day moving average price is $425.46 and its 200-day moving average price is $429.04. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $461.16. The stock has a market cap of $134.32 billion, a PE ratio of 48.12, a P/E/G ratio of 2.38 and a beta of 1.15. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGIGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.39 billion. On average, equities analysts forecast that S&P Global Inc. will post 14.1 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Wednesday, May 29th. S&P Global’s dividend payout ratio (DPR) is 40.81%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SPGI. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Barclays boosted their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Stifel Nicolaus boosted their price objective on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research note on Friday, April 26th. BMO Capital Markets boosted their price objective on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a research note on Friday, May 24th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and an average target price of $467.89.

View Our Latest Research Report on SPGI

About S&P Global

(Free Report)

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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