SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Invests $289,000 in S&P Global Inc. (NYSE:SPGI)

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 581 shares of the business services provider's stock, valued at approximately $289,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SPGI. Wellington Management Group LLP grew its position in S&P Global by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider's stock valued at $4,581,580,000 after purchasing an additional 292,436 shares during the last quarter. Geode Capital Management LLC lifted its stake in S&P Global by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider's stock worth $3,332,016,000 after purchasing an additional 113,146 shares in the last quarter. FMR LLC raised its position in shares of S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider's stock valued at $3,081,830,000 after buying an additional 369,598 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in S&P Global by 1.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider's stock valued at $1,401,909,000 after purchasing an additional 28,458 shares during the last quarter. Finally, Amundi grew its stake in S&P Global by 6.6% in the 4th quarter. Amundi now owns 2,345,377 shares of the business services provider's stock worth $1,162,979,000 after acquiring an additional 145,434 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on SPGI shares. 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. Wells Fargo & Company lifted their target price on shares of S&P Global from $617.00 to $633.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Morgan Stanley lifted their price objective on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. BMO Capital Markets increased their target price on shares of S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Finally, Citigroup started coverage on shares of S&P Global in a research note on Friday, December 20th. They set a "buy" rating and a $600.00 target price on the stock. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, S&P Global has a consensus rating of "Moderate Buy" and an average target price of $590.23.

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S&P Global Stock Down 1.6 %

SPGI opened at $480.51 on Wednesday. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $147.90 billion, a P/E ratio of 38.91, a P/E/G ratio of 2.41 and a beta of 1.20. The firm's fifty day moving average price is $514.52 and its two-hundred day moving average price is $511.46.

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 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 period last year, the business posted $3.13 EPS. On average, analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a $0.96 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.80%. 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%.

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.

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