Rockland Trust Co. Purchases 5,275 Shares of S&P Global Inc. $SPGI

Rockland Trust Co. raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 111.0% in the third quarter, HoldingsChannel reports. The firm owned 10,029 shares of the business services provider’s stock after buying an additional 5,275 shares during the quarter. Rockland Trust Co.’s holdings in S&P Global were worth $4,881,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its position in S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after buying an additional 143 shares during the period. Sivia Capital Partners LLC raised its position in S&P Global by 7.8% in the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock worth $547,000 after acquiring an additional 75 shares during the period. Concurrent Investment Advisors LLC boosted its stake in shares of S&P Global by 5.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 10,778 shares of the business services provider’s stock worth $5,683,000 after acquiring an additional 535 shares during the last quarter. CWM LLC boosted its stake in shares of S&P Global by 20.4% during the 2nd quarter. CWM LLC now owns 14,389 shares of the business services provider’s stock worth $7,587,000 after acquiring an additional 2,440 shares during the last quarter. Finally, Index Fund Advisors Inc. bought a new stake in shares of S&P Global during the 2nd quarter valued at $341,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of recent research reports. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. JPMorgan Chase & Co. reduced their price target on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. BMO Capital Markets set a $546.00 price objective on S&P Global in a research report on Friday, November 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. Finally, Evercore raised their target price on shares of S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $609.57.

S&P Global Stock Performance

NYSE:SPGI opened at $444.25 on Tuesday. The stock has a 50-day moving average price of $515.09 and a 200 day moving average price of $514.84. The stock has a market capitalization of $134.52 billion, a P/E ratio of 32.31, a P/E/G ratio of 1.87 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 current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34.

S&P Global Increases Dividend

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

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.