Toroso Investments LLC Takes Position in S&P Global Inc. (NYSE:SPGI)

Toroso Investments LLC bought a new stake in S&P Global Inc. (NYSE:SPGI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 849 shares of the business services provider’s stock, valued at approximately $279,000.

Several other large investors have also recently modified their holdings of the company. Exane Derivatives boosted its stake in shares of S&P Global by 0.8% in the 4th quarter. Exane Derivatives now owns 3,801 shares of the business services provider’s stock valued at $1,249,000 after purchasing an additional 32 shares in the last quarter. CHICAGO TRUST Co NA boosted its stake in shares of S&P Global by 1.6% in the 4th quarter. CHICAGO TRUST Co NA now owns 2,059 shares of the business services provider’s stock valued at $677,000 after purchasing an additional 33 shares in the last quarter. Segment Wealth Management LLC boosted its stake in shares of S&P Global by 0.8% in the 4th quarter. Segment Wealth Management LLC now owns 4,761 shares of the business services provider’s stock valued at $1,565,000 after purchasing an additional 36 shares in the last quarter. Glassman Wealth Services boosted its stake in shares of S&P Global by 31.9% in the 4th quarter. Glassman Wealth Services now owns 149 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 36 shares in the last quarter. Finally, Berman Capital Advisors LLC boosted its stake in shares of S&P Global by 8.8% in the 4th quarter. Berman Capital Advisors LLC now owns 444 shares of the business services provider’s stock valued at $145,000 after purchasing an additional 36 shares in the last quarter. Institutional investors own 81.94% of the company’s stock.

SPGI opened at $359.55 on Friday. The company has a fifty day moving average price of $338.13 and a two-hundred day moving average price of $336.05. The company has a debt-to-equity ratio of 8.25, a quick ratio of 1.72 and a current ratio of 1.72. S&P Global Inc. has a 52 week low of $230.11 and a 52 week high of $379.87. The firm has a market capitalization of $86.54 billion, a PE ratio of 36.03, a P/E/G ratio of 2.64 and a beta of 1.00.

S&P Global (NYSE:SPGI) last released its earnings results on Monday, February 8th. The business services provider reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.20. S&P Global had a net margin of 33.20% and a return on equity of 1,009.75%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the business earned $2.53 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities analysts forecast that S&P Global Inc. will post 11.48 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Wednesday, February 24th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Tuesday, February 23rd. This is a positive change from S&P Global’s previous quarterly dividend of $0.67. S&P Global’s payout ratio is currently 32.32%.

Several research analysts recently issued reports on SPGI shares. Stifel Nicolaus upgraded shares of S&P Global from a “hold” rating to a “buy” rating in a research report on Friday, December 4th. Morgan Stanley reissued an “overweight” rating and set a $407.00 price target on shares of S&P Global in a research note on Wednesday. UBS Group raised their price target on shares of S&P Global from $420.00 to $435.00 and gave the company a “buy” rating in a report on Wednesday, February 10th. Deutsche Bank Aktiengesellschaft began coverage on shares of S&P Global in a report on Monday, November 30th. They issued a “buy” rating and a $415.00 price target for the company. Finally, Wells Fargo & Company raised their price target on shares of S&P Global from $415.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, February 10th. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $393.33.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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

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