Axxcess Wealth Management LLC Purchases 908 Shares of S&P Global Inc. (NYSE:SPGI)

Axxcess Wealth Management LLC boosted its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 39.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,212 shares of the business services provider's stock after purchasing an additional 908 shares during the period. Axxcess Wealth Management LLC's holdings in S&P Global were worth $1,600,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Tocqueville Asset Management L.P. increased its stake in shares of S&P Global by 5.4% in the fourth quarter. Tocqueville Asset Management L.P. now owns 7,039 shares of the business services provider's stock worth $3,506,000 after purchasing an additional 360 shares in the last quarter. Cibc World Markets Corp increased its stake in S&P Global by 27.7% in the 4th quarter. Cibc World Markets Corp now owns 79,239 shares of the business services provider's stock worth $39,463,000 after buying an additional 17,184 shares in the last quarter. SlateStone Wealth LLC raised its holdings in S&P Global by 3.0% during the fourth quarter. SlateStone Wealth LLC now owns 2,219 shares of the business services provider's stock valued at $1,105,000 after acquiring an additional 65 shares during the period. Glenview Trust co lifted its position in shares of S&P Global by 7.6% in the fourth quarter. Glenview Trust co now owns 27,804 shares of the business services provider's stock valued at $13,847,000 after acquiring an additional 1,966 shares in the last quarter. Finally, Sovereign Investment Advisors LLC bought a new position in shares of S&P Global in the fourth quarter worth about $660,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

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S&P Global Trading Up 1.2 %

S&P Global stock traded up $6.12 during mid-day trading on Monday, hitting $504.00. The company's stock had a trading volume of 1,560,643 shares, compared to its average volume of 1,156,535. 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 company has a 50 day moving average of $513.85 and a 200-day moving average of $510.40. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The stock has a market cap of $155.13 billion, a PE ratio of 40.81, a P/E/G ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter last year, the company earned $3.13 earnings per share. On average, research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.96 per share. The ex-dividend date was Wednesday, February 26th. This is a positive change from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.76%. S&P Global's dividend payout ratio (DPR) is 31.09%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Wells Fargo & Company lifted their price objective on shares of S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Oppenheimer dropped their target price on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. StockNews.com downgraded shares of S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Finally, UBS Group increased their price objective on shares of S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $590.86.

S&P Global Company 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.