S&P Global Inc. $SPGI Position Increased by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 17.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 66,809 shares of the business services provider’s stock after buying an additional 10,044 shares during the quarter. Jones Financial Companies Lllp’s holdings in S&P Global were worth $32,541,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. MTM Investment Management LLC acquired a new stake in shares of S&P Global during the second quarter worth $27,000. J.Safra Asset Management Corp purchased a new position in S&P Global in the 3rd quarter worth about $29,000. Spurstone Advisory Services LLC purchased a new position in S&P Global in the 2nd quarter worth about $34,000. Howard Hughes Medical Institute acquired a new stake in S&P Global during the 2nd quarter worth about $36,000. Finally, First Pacific Financial lifted its stake in S&P Global by 51.0% during the third quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after buying an additional 25 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 0.0%

SPGI stock opened at $527.81 on Tuesday. The company has a 50 day moving average of $519.37 and a two-hundred day moving average of $517.34. The company has a market cap of $159.82 billion, a price-to-earnings ratio of 38.39, a PEG ratio of 2.24 and a beta of 1.20. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be issued a dividend of $0.97 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, February 25th. S&P Global’s dividend payout ratio is 27.93%.

Analysts Set New Price Targets

SPGI has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Mizuho raised their price objective on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Evercore ISI boosted their target price on shares of S&P Global from $629.00 to $632.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $640.00 price target on shares of S&P Global in a report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $615.64.

About S&P Global

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.