Advisory Services Network LLC Has $6.72 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Advisory Services Network LLC grew its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 26.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,497 shares of the business services provider's stock after purchasing an additional 2,831 shares during the period. Advisory Services Network LLC's holdings in S&P Global were worth $6,722,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Howard Capital Management Group LLC lifted its position in S&P Global by 3.2% during the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock worth $471,000 after buying an additional 28 shares in the last quarter. Quarry LP acquired a new stake in shares of S&P Global in the third quarter valued at about $55,000. Zacks Investment Management bought a new stake in S&P Global during the third quarter worth about $269,000. MML Investors Services LLC boosted its position in S&P Global by 32.3% during the third quarter. MML Investors Services LLC now owns 36,396 shares of the business services provider's stock valued at $18,803,000 after purchasing an additional 8,896 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd increased its position in shares of S&P Global by 91.0% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 1,182 shares of the business services provider's stock worth $611,000 after purchasing an additional 563 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. UBS Group raised their target price on shares of S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Evercore ISI boosted their price objective on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Citigroup assumed coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a "buy" rating and a $600.00 target price for the company. Bank of America initiated coverage on S&P Global in a research report on Thursday. They set a "buy" rating and a $600.00 price target on the stock. Finally, Morgan Stanley lifted their target price on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $595.14.

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S&P Global Stock Performance

Shares of SPGI traded up $5.52 during mid-day trading on Monday, hitting $470.66. 227,101 shares of the company's stock were exchanged, compared to its average volume of 1,239,340. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The stock's 50-day simple moving average is $504.81 and its 200-day simple moving average is $506.14. The firm has a market cap of $147.71 billion, a price-to-earnings ratio of 38.11, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26.

S&P Global (NYSE:SPGI - Get Free Report) last released its 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 14.33% and a net margin of 27.12%. During the same quarter last year, the company posted $3.13 EPS. On average, equities research analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. 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 0.82%. S&P Global's payout ratio is presently 31.09%.

S&P Global 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.