Kingswood Wealth Advisors LLC Acquires 1,193 Shares of S&P Global Inc. (NYSE:SPGI)

Kingswood Wealth Advisors LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 131.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,102 shares of the business services provider's stock after purchasing an additional 1,193 shares during the period. Kingswood Wealth Advisors LLC's holdings in S&P Global were worth $1,047,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new stake in shares of S&P Global in the third quarter valued at approximately $27,000. First Personal Financial Services acquired a new stake in shares of S&P Global in the 3rd quarter valued at $29,000. Capital Performance Advisors LLP acquired a new position in shares of S&P Global during the third quarter valued at $31,000. Voisard Asset Management Group Inc. boosted its holdings 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 acquiring an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC increased its position in S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock worth $36,000 after purchasing an additional 34 shares during the period. Institutional investors own 87.17% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on SPGI. Oppenheimer cut their target price on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. JPMorgan Chase & Co. reduced their price objective on shares of S&P Global from $600.00 to $585.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. BMO Capital Markets increased their price target on S&P Global from $564.00 to $576.00 and gave the company an "outperform" rating in a research note on Tuesday, January 21st. UBS Group lifted their price objective on S&P Global from $605.00 to $610.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, Robert W. Baird increased their target price on S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $584.54.

S&P Global Stock Down 0.4 %

Shares of S&P Global stock traded down $2.10 on Friday, hitting $521.44. The company had a trading volume of 1,256,787 shares, compared to its average volume of 1,141,374. The stock has a 50-day moving average of $506.40 and a 200-day moving average of $504.48. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The firm has a market capitalization of $161.80 billion, a P/E ratio of 46.02, a P/E/G ratio of 2.38 and a beta of 1.20.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Wednesday, February 26th. This is a boost from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio is 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.