Gen Wealth Partners Inc Raises Stake in S&P Global Inc. (NYSE:SPGI)

Gen Wealth Partners Inc raised its holdings in S&P Global Inc. (NYSE:SPGI) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,138 shares of the business services provider’s stock after purchasing an additional 38 shares during the quarter. Gen Wealth Partners Inc’s holdings in S&P Global were worth $567,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Anderson Financial Strategies LLC purchased a new stake in S&P Global during the 4th quarter valued at approximately $27,000. Human Investing LLC acquired a new position in shares of S&P Global in the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC purchased a new stake in shares of S&P Global during the fourth quarter worth approximately $31,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock worth $32,000 after purchasing an additional 38 shares during the period. Finally, Sound Income Strategies LLC grew its position in S&P Global by 700.0% in the 4th 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 last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Transactions at S&P Global

In other news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the sale, the executive vice president now directly owns 5,131 shares in the company, valued at $2,619,016.33. The trade was a 8.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. BMO Capital Markets raised their target price on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. StockNews.com downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. dropped their target price on S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Robert W. Baird reduced their price target on S&P Global from $616.00 to $589.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Finally, Mizuho started coverage on S&P Global in a research note on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $592.71.

S&P Global Price Performance

S&P Global stock opened at $507.44 on Friday. The firm has a market capitalization of $155.63 billion, a PE ratio of 41.09, a P/E/G ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a 52 week low of $419.49 and a 52 week high of $545.39. The firm’s 50-day simple moving average is $486.24 and its 200 day simple moving average is $501.60. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.14. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the firm earned $4.01 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.76%. The ex-dividend date is Wednesday, May 28th. S&P Global’s payout ratio is 30.16%.

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.