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

CreativeOne Wealth LLC raised its stake in S&P Global Inc. (NYSE:SPGI) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,476 shares of the business services provider’s stock after buying an additional 66 shares during the quarter. CreativeOne Wealth LLC’s holdings in S&P Global were worth $735,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Human Investing LLC acquired a new position in shares of S&P Global in the 4th quarter worth approximately $30,000. Noble Wealth Management PBC acquired a new position in S&P Global during the fourth quarter worth $31,000. Hazlett Burt & Watson Inc. boosted its position 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 buying an additional 38 shares during the period. Sound Income Strategies LLC grew its stake in shares of S&P Global by 700.0% in the fourth 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 in the last quarter. Finally, BankPlus Trust Department purchased a new stake in shares of S&P Global in the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI stock opened at $462.55 on Friday. The business has a 50 day moving average price of $500.89 and a 200 day moving average price of $504.95. 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 stock has a market cap of $145.17 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 2.41 and a beta of 1.26. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter in the previous year, the company earned $3.13 EPS. Equities research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.83%. S&P Global’s dividend payout ratio (DPR) is presently 31.09%.

Analysts Set New Price Targets

Several equities analysts have weighed in on SPGI shares. BMO Capital Markets lifted their target price on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. dropped their price objective on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating for the company in a report on Wednesday. UBS Group increased their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Morgan Stanley boosted their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Finally, StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $591.86.

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.