RWA Wealth Partners LLC Buys 318 Shares of S&P Global Inc. $SPGI

RWA Wealth Partners LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,131 shares of the business services provider’s stock after buying an additional 318 shares during the quarter. RWA Wealth Partners LLC’s holdings in S&P Global were worth $18,524,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SPGI. Cheviot Value Management LLC acquired a new stake in shares of S&P Global during the 1st quarter worth approximately $26,000. Costello Asset Management INC acquired a new position in shares of S&P Global in the first quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of S&P Global in the second quarter valued at $26,000. CBIZ Investment Advisory Services LLC lifted its position in S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after purchasing an additional 31 shares during the period. Finally, eCIO Inc. acquired a new stake in S&P Global during the first quarter worth $32,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SPGI shares. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Stifel Nicolaus cut their price target on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research note on Friday, October 31st. BMO Capital Markets reiterated an “outperform” rating and issued a $538.00 price objective on shares of S&P Global in a research note on Friday, October 31st. Wells Fargo & Company increased their target price on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $612.38.

S&P Global Trading Up 1.2%

Shares of NYSE SPGI opened at $495.89 on Friday. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a 50-day moving average of $502.04 and a two-hundred day moving average of $516.17. The company has a market cap of $150.15 billion, a PE ratio of 38.15, a P/E/G ratio of 2.50 and a beta of 1.17. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $1.87 billion during the quarter. As a group, equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given a dividend of $0.96 per share. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global’s payout ratio is presently 27.93%.

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.