MGO One Seven LLC Raises Holdings in S&P Global Inc. (NYSE:SPGI)

MGO One Seven LLC grew its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 32.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,262 shares of the business services provider's stock after acquiring an additional 558 shares during the quarter. MGO One Seven LLC's holdings in S&P Global were worth $1,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Human Investing LLC bought a new position in S&P Global in the 4th quarter valued at $30,000. Noble Wealth Management PBC purchased a new position in shares of S&P Global in the 4th quarter worth about $31,000. Hazlett Burt & Watson Inc. grew its position in S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after buying an additional 38 shares during the period. Sound Income Strategies LLC increased its holdings in S&P Global by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock worth $36,000 after buying an additional 63 shares during the last quarter. Finally, BankPlus Trust Department bought a new stake in S&P Global in the fourth quarter worth about $40,000. Institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

SPGI traded down $1.14 during trading on Monday, reaching $478.86. The stock had a trading volume of 1,531,067 shares, compared to its average volume of 1,224,669. The business has a 50-day moving average of $491.09 and a 200-day moving average of $502.59. S&P Global Inc. has a one year low of $408.84 and a one 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. The stock has a market cap of $150.29 billion, a PE ratio of 38.77, a PEG ratio of 2.41 and a beta of 1.26.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating 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 firm posted $3.13 EPS. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. This is a boost from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.80%. S&P Global's dividend payout ratio is 31.09%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SPGI. Wells Fargo & Company decreased their price target on shares of S&P Global from $633.00 to $607.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. decreased their target price on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Morgan Stanley upped their price target on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Bank of America assumed coverage on S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective for the company. Finally, Evercore ISI upped their price objective on shares of S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $591.86.

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.