Next Capital Management LLC Acquires Shares of 474 S&P Global Inc. (NYSE:SPGI)

Next Capital Management LLC bought a new position in S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 474 shares of the business services provider’s stock, valued at approximately $236,000.

Other institutional investors have also made changes to their positions in the company. Human Investing LLC purchased a new position in S&P Global during the 4th quarter worth approximately $30,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global in the fourth quarter worth $31,000. Dunhill Financial LLC grew its holdings in shares of S&P Global by 94.4% during the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after buying an additional 34 shares in the last quarter. Sound Income Strategies LLC raised its position in S&P Global by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after buying an additional 63 shares during the period. Finally, BankPlus Trust Department purchased a new stake in S&P Global in the 4th quarter worth about $40,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

SPGI opened at $490.26 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $150.90 billion, a PE ratio of 39.70, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The stock has a 50-day moving average of $513.54 and a 200-day moving average of $510.73. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the previous year, the company earned $3.13 earnings per share. As a group, equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is 31.09%.

Analysts Set New Price Targets

Several research firms have weighed in on SPGI. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Mizuho began coverage on shares of S&P Global in a research note on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price objective on the stock. Morgan Stanley lifted their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Wells Fargo & Company boosted their price target on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Finally, Evercore ISI increased their price objective on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and an average price target of $590.86.

About S&P Global

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.