Peterson Wealth Services Has $1.06 Million Stock Holdings in S&P Global Inc. $SPGI

Peterson Wealth Services increased its holdings in S&P Global Inc. (NYSE:SPGI) by 193.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,178 shares of the business services provider’s stock after purchasing an additional 1,437 shares during the period. Peterson Wealth Services’ holdings in S&P Global were worth $1,060,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MTM Investment Management LLC bought a new stake in S&P Global during the second quarter valued at about $27,000. J.Safra Asset Management Corp acquired a new position in S&P Global in the 3rd quarter valued at approximately $29,000. Spurstone Advisory Services LLC acquired a new position in shares of S&P Global in the second quarter valued at $34,000. Howard Hughes Medical Institute acquired a new position in shares of S&P Global in the 2nd quarter valued at $36,000. Finally, Solstein Capital LLC acquired a new position in S&P Global in the second quarter worth about $38,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. William Blair reiterated an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. JPMorgan Chase & Co. cut their target price on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Evercore ISI increased their price target on S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. BMO Capital Markets set a $546.00 price objective on S&P Global in a research report on Friday, November 14th. Finally, Morgan Stanley lifted their price target on S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $615.64.

S&P Global Price Performance

S&P Global stock opened at $527.81 on Tuesday. The business’s 50-day simple moving average is $519.37 and its 200 day simple moving average is $517.34. 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 stock has a market cap of $159.82 billion, a price-to-earnings ratio of 38.39, a P/E/G ratio of 2.24 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.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.7%. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Wednesday, February 25th. S&P Global’s payout ratio is presently 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.