Orion Portfolio Solutions LLC Has $19.77 Million Stake in S&P Global Inc. (NYSE:SPGI)

Orion Portfolio Solutions LLC decreased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,690 shares of the business services provider's stock after selling 1,006 shares during the period. Orion Portfolio Solutions LLC's holdings in S&P Global were worth $19,767,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SPGI. Human Investing LLC bought a new position in shares of S&P Global in the 4th quarter worth $30,000. Noble Wealth Management PBC acquired a new position in S&P Global in the fourth quarter valued at about $31,000. Dunhill Financial LLC boosted its holdings in S&P Global by 94.4% during the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock worth $36,000 after buying an additional 34 shares during the last quarter. Sound Income Strategies LLC boosted 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 acquired a new position in shares of S&P Global during the 4th quarter worth about $40,000. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Up 0.3 %

Shares of NYSE:SPGI traded up $1.69 during midday trading on Tuesday, reaching $509.79. The company had a trading volume of 336,361 shares, compared to its average volume of 1,381,359. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39. The stock has a market cap of $159.99 billion, a PE ratio of 41.28, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The business's 50 day moving average price is $515.34 and its 200 day moving average price is $510.02.

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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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 EPS. Research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. This is a boost from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio (DPR) is currently 31.09%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Oppenheimer cut their price target 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. BMO Capital Markets lifted their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. 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 research report on Wednesday, February 12th. Wells Fargo & Company lifted their target price on S&P Global from $617.00 to $633.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Finally, Mizuho initiated coverage on S&P Global in a report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $590.86.

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.