Johnson Financial Group Inc. Purchases 738 Shares of S&P Global Inc. (NYSE:SPGI)

Johnson Financial Group Inc. lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 93.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,529 shares of the business services provider’s stock after buying an additional 738 shares during the quarter. Johnson Financial Group Inc.’s holdings in S&P Global were worth $674,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Wealth Management Group LLC purchased a new stake in shares of S&P Global during the 4th quarter worth $26,000. Valued Wealth Advisors LLC purchased a new stake in shares of S&P Global during the 4th quarter worth $28,000. Oliver Lagore Vanvalin Investment Group lifted its stake in shares of S&P Global by 64.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after purchasing an additional 25 shares during the last quarter. Fortis Group Advisors LLC purchased a new stake in shares of S&P Global during the 3rd quarter worth $33,000. Finally, LFA Lugano Financial Advisors SA lifted its stake in shares of S&P Global by 200.0% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock worth $33,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

SPGI has been the subject of a number of analyst reports. Barclays upped their price objective on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Stifel Nicolaus upped their price objective on S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a research note on Friday. Oppenheimer increased their price target on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $467.89.

S&P Global Stock Performance

Shares of NYSE:SPGI traded up $1.96 during trading on Friday, hitting $438.24. The stock had a trading volume of 661,893 shares, compared to its average volume of 1,280,919. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $461.16. The stock has a market capitalization of $137.13 billion, a price-to-earnings ratio of 49.13, a price-to-earnings-growth ratio of 2.42 and a beta of 1.14. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock has a 50-day simple moving average of $424.77 and a two-hundred day simple moving average of $427.44.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. On average, equities research analysts expect that S&P Global Inc. will post 14.1 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, May 29th. S&P Global’s dividend payout ratio (DPR) is 40.81%.

About S&P Global

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, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.