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

RWA Wealth Partners LLC grew its position in S&P Global Inc. (NYSE:SPGI) by 370.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 33,490 shares of the business services provider’s stock after purchasing an additional 26,373 shares during the period. RWA Wealth Partners LLC’s holdings in S&P Global were worth $16,679,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SPGI. Wellington Management Group LLP lifted its stake in S&P Global by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after buying an additional 292,436 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of S&P Global by 1.8% in the third quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock valued at $3,332,016,000 after acquiring an additional 113,146 shares in the last quarter. Norges Bank purchased a new stake in shares of S&P Global in the fourth quarter valued at $1,725,084,000. Amundi boosted its stake in shares of S&P Global by 6.6% during the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider’s stock valued at $1,162,979,000 after acquiring an additional 145,434 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in S&P Global by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,999,467 shares of the business services provider’s stock worth $995,795,000 after purchasing an additional 62,770 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

SPGI has been the subject of a number of analyst reports. Oppenheimer cut their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Mizuho initiated coverage on S&P Global in a research report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price objective for the company. UBS Group increased their target price on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Wells Fargo & Company lifted their price target on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Finally, BMO Capital Markets increased their price objective on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average price target of $590.86.

S&P Global Price Performance

S&P Global stock opened at $502.33 on Friday. The firm has a fifty day moving average of $515.20 and a 200-day moving average of $510.14. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $157.65 billion, a P/E ratio of 40.67, a PEG ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) 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 earnings per share. As a group, analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is presently 31.09%.

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.