Mission Wealth Management LP Purchases 549 Shares of S&P Global Inc. (NYSE:SPGI)

Mission Wealth Management LP increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 14.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,358 shares of the business services provider’s stock after buying an additional 549 shares during the period. Mission Wealth Management LP’s holdings in S&P Global were worth $2,171,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Personal Financial Services bought a new position in shares of S&P Global in the 3rd quarter worth about $29,000. Human Investing LLC bought a new stake in shares of S&P Global during the 4th quarter valued at about $30,000. Capital Performance Advisors LLP acquired a new stake in S&P Global during the third quarter worth approximately $31,000. Noble Wealth Management PBC bought a new stake in S&P Global in the fourth quarter worth approximately $31,000. Finally, Dunhill Financial LLC lifted its stake in S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after buying an additional 34 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SPGI shares. Oppenheimer reduced 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. StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Wells Fargo & Company lifted their price target on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Citigroup assumed coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective on the stock. Finally, Evercore ISI boosted their target price on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $590.23.

S&P Global Stock Performance

Shares of SPGI opened at $528.98 on Tuesday. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50 day moving average price of $514.36 and a two-hundred day moving average price of $511.20. The firm has a market capitalization of $162.82 billion, a P/E ratio of 42.83, a P/E/G 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, topping 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 quarter in the prior year, the company earned $3.13 earnings per share. Equities analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a dividend of $0.96 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is 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.