Birch Hill Investment Advisors LLC Increases Stake in S&P Global Inc. (NYSE:SPGI)
Birch Hill Investment Advisors LLC increased its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,741 shares of the business services provider's stock after acquiring an additional 2,027 shares during the period. S&P Global makes up about 2.4% of Birch Hill Investment Advisors LLC's holdings, making the stock its 16th largest holding. Birch Hill Investment Advisors LLC's holdings in S&P Global were worth $51,168,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new position in S&P Global in the third quarter worth approximately $27,000. First Personal Financial Services acquired a new stake in S&P Global in the third quarter valued at $29,000. Capital Performance Advisors LLP acquired a new position in shares of S&P Global during the 3rd quarter worth about $31,000. Voisard Asset Management Group Inc. increased its holdings in shares of S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider's stock valued at $32,000 after acquiring an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC raised its position in shares of S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock worth $36,000 after acquiring an additional 34 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.
Shares of SPGI stock opened at $519.00 on Friday. The firm's 50-day simple moving average is $505.85 and its 200-day simple moving average is $505.54. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $161.05 billion, a P/E ratio of 45.81, a PEG ratio of 2.39 and a beta of 1.20.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a $0.96 dividend. This is an increase from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global's dividend payout ratio is currently 32.13%.
Several brokerages have commented on SPGI. Robert W. Baird increased their price target on shares of S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Citigroup initiated coverage on S&P Global in a research report on Friday, December 20th. They set a "buy" rating and a $600.00 target price on the stock. Morgan Stanley lifted their price target on S&P Global from $570.00 to $595.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. lowered their target price on shares of S&P Global from $600.00 to $585.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. Finally, Wells Fargo & Company reduced their price target on shares of S&P Global from $620.00 to $617.00 and set an "overweight" rating for the company in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $584.54.
Get Our Latest Analysis on SPGI
S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.
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