S&P Global Inc. (NYSE:SPGI) Shares Bought by RWA Wealth Partners LLC

RWA Wealth Partners LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 370.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,490 shares of the business services provider’s stock after buying an additional 26,373 shares during the period. RWA Wealth Partners LLC’s holdings in S&P Global were worth $16,679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on SPGI shares. Wells Fargo & Company boosted their price objective on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Morgan Stanley raised their price objective on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. UBS Group boosted their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Evercore ISI lifted their price target on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, Citigroup started coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $590.86.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $502.33 on Friday. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The stock has a market capitalization of $157.65 billion, a price-to-earnings ratio of 40.67, a PEG ratio of 2.41 and a beta of 1.20. The company has a 50-day simple moving average of $515.20 and a 200-day simple moving average of $510.14. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the company posted $3.13 EPS. On average, analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is currently 31.09%.

S&P Global 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.