LFA Lugano Financial Advisors SA Has $33,000 Stock Holdings in S&P Global Inc. (NYSE:SPGI)

LFA Lugano Financial Advisors SA grew its stake in shares of S&P Global Inc. (NYSE:SPGIFree Report) by 200.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75 shares of the business services provider’s stock after acquiring an additional 50 shares during the period. LFA Lugano Financial Advisors SA’s holdings in S&P Global were worth $33,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Valued Wealth Advisors LLC acquired a new stake in S&P Global during the 4th quarter valued at approximately $28,000. Kathleen S. Wright Associates Inc. purchased a new stake in shares of S&P Global during the 3rd quarter worth about $25,000. Harbour Investments Inc. lifted its position in shares of S&P Global by 45.8% during the 3rd quarter. Harbour Investments Inc. now owns 86 shares of the business services provider’s stock worth $31,000 after buying an additional 27 shares during the period. Fortis Group Advisors LLC acquired a new stake in shares of S&P Global during the third quarter worth $33,000. Finally, Asset Dedication LLC bought a new stake in S&P Global in the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the subject of a number of recent analyst reports. BMO Capital Markets boosted their price target on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday. Raymond James lifted their price objective on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a report on Friday, February 9th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $450.33.

Get Our Latest Stock Analysis on S&P Global

Insiders Place Their Bets

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the transaction, the chief executive officer now owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.10% of the company’s stock.

S&P Global Trading Up 0.4 %

S&P Global stock opened at $427.09 on Tuesday. The firm has a market cap of $136.78 billion, a price-to-earnings ratio of 51.89, a price-to-earnings-growth ratio of 2.43 and a beta of 1.15. S&P Global Inc. has a 1 year low of $329.46 and a 1 year high of $461.16. The firm’s 50 day moving average price is $432.85 and its two-hundred day moving average price is $411.31. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84.

S&P Global (NYSE:SPGIGet Free Report) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.54 earnings per share. On average, research analysts predict that S&P Global Inc. will post 14 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Monday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.90. S&P Global’s dividend payout ratio (DPR) is currently 44.23%.

S&P Global Profile

(Free Report)

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, and S&P Dow Jones Indices segments.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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