S&P Global Inc. (NYSE:SPGI) Shares Purchased by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC boosted its position in S&P Global Inc. (NYSE:SPGI) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 958 shares of the business services provider’s stock after buying an additional 30 shares during the period. Prestige Wealth Management Group LLC’s holdings in S&P Global were worth $477,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Headinvest LLC boosted its stake in shares of S&P Global by 2.0% in the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after buying an additional 20 shares during the last quarter. EWA LLC boosted its position in S&P Global by 4.2% in the 3rd quarter. EWA LLC now owns 498 shares of the business services provider’s stock worth $254,000 after purchasing an additional 20 shares in the last quarter. Continuum Advisory LLC grew its stake in shares of S&P Global by 1.3% during the 3rd quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock worth $788,000 after purchasing an additional 20 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of S&P Global by 2.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock valued at $515,000 after purchasing an additional 20 shares in the last quarter. Finally, Personal CFO Solutions LLC lifted its stake in shares of S&P Global by 3.1% in the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider’s stock valued at $336,000 after purchasing an additional 20 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SPGI shares. BMO Capital Markets raised their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Evercore ISI lifted their price target on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Morgan Stanley increased their price target on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Citigroup initiated coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Finally, Oppenheimer decreased their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $590.86.

S&P Global Trading Up 1.2 %

Shares of S&P Global stock opened at $504.00 on Tuesday. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $155.13 billion, a P/E ratio of 40.81, a P/E/G ratio of 2.41 and a beta of 1.20. The stock’s 50 day simple moving average is $514.28 and its 200-day simple moving average is $510.31.

S&P Global (NYSE:SPGI) last issued its 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 previous year, the company posted $3.13 earnings per share. Analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

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

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.