Baron Wealth Management LLC Has $1.02 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Baron Wealth Management LLC lifted its stake in S&P Global Inc. (NYSE:SPGI) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,043 shares of the business services provider’s stock after acquiring an additional 55 shares during the quarter. S&P Global makes up approximately 0.5% of Baron Wealth Management LLC’s investment portfolio, making the stock its 27th largest position. Baron Wealth Management LLC’s holdings in S&P Global were worth $1,018,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in S&P Global by 35.3% during the 2nd quarter. AQR Capital Management LLC now owns 31,837 shares of the business services provider’s stock valued at $14,147,000 after purchasing an additional 8,315 shares during the last quarter. SPC Financial Inc. acquired a new stake in S&P Global during the second quarter worth approximately $275,000. 3Chopt Investment Partners LLC bought a new position in shares of S&P Global in the second quarter worth $362,000. Cetera Investment Advisers increased its holdings in S&P Global by 0.3% in the 2nd quarter. Cetera Investment Advisers now owns 89,562 shares of the business services provider’s stock valued at $39,945,000 after buying an additional 306 shares during the period. Finally, New Century Financial Group LLC raised its position in S&P Global by 26.5% during the second quarter. New Century Financial Group LLC now owns 788 shares of the business services provider’s stock valued at $351,000 after purchasing an additional 165 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of research reports. Evercore ISI assumed coverage on shares of S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price for the company. Robert W. Baird lifted their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. BMO Capital Markets upped their price objective on shares of S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. Morgan Stanley upped their target price on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. 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 report on Friday, January 10th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Trading Down 0.6 %

NYSE SPGI opened at $517.31 on Thursday. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $160.52 billion, a P/E ratio of 45.66, a PEG ratio of 2.36 and a beta of 1.20. The business has a fifty day simple moving average of $505.75 and a 200 day simple moving average of $503.99.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio is presently 32.13%.

S&P Global Company Profile

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.