Collier Financial Makes New $2.87 Million Investment in S&P Global Inc. $SPGI

Collier Financial acquired a new stake in S&P Global Inc. (NYSE:SPGI) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 5,886 shares of the business services provider’s stock, valued at approximately $2,865,000. S&P Global comprises 2.2% of Collier Financial’s portfolio, making the stock its 10th biggest holding.

A number of other hedge funds have also modified their holdings of SPGI. Plato Investment Management Ltd grew its position in S&P Global by 5.5% during the 3rd quarter. Plato Investment Management Ltd now owns 10,819 shares of the business services provider’s stock worth $5,226,000 after purchasing an additional 562 shares during the last quarter. Smartleaf Asset Management LLC increased its position in S&P Global by 23.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 5,024 shares of the business services provider’s stock valued at $2,469,000 after acquiring an additional 949 shares during the period. Chapman Investment Management LLC raised its stake in S&P Global by 7.7% during the 3rd quarter. Chapman Investment Management LLC now owns 7,335 shares of the business services provider’s stock valued at $3,570,000 after acquiring an additional 522 shares during the last quarter. Alps Advisors Inc. raised its stake in shares of S&P Global by 44.6% during the third quarter. Alps Advisors Inc. now owns 13,690 shares of the business services provider’s stock worth $6,663,000 after purchasing an additional 4,222 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan raised its position in S&P Global by 8.6% during the 3rd quarter. Canada Post Corp Registered Pension Plan now owns 12,837 shares of the business services provider’s stock worth $6,307,000 after buying an additional 1,021 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Down 2.7%

SPGI opened at $439.44 on Friday. The firm has a market cap of $133.06 billion, a P/E ratio of 31.96, a PEG ratio of 1.87 and a beta of 1.20. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34. The business’s fifty day simple moving average is $516.11 and its 200 day simple moving average is $515.52. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be given a $0.97 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, February 25th. S&P Global’s dividend payout ratio (DPR) is presently 27.93%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SPGI. BMO Capital Markets set a $546.00 target price on shares of S&P Global in a report on Friday, November 14th. Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. Stifel Nicolaus cut their price objective on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Evercore raised their target price on S&P Global from $629.00 to $632.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $640.00 target price on shares of S&P Global in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company. According to MarketBeat, S&P Global presently has a consensus rating of “Buy” and an average target price of $615.64.

S&P Global Company Profile

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.