SteelPeak Wealth LLC Takes $1.22 Million Position in S&P Global Inc. (NYSE:SPGI)

SteelPeak Wealth LLC bought a new position in S&P Global Inc. (NYSE:SPGI - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 2,457 shares of the business services provider's stock, valued at approximately $1,224,000.

Several other large investors also recently bought and sold shares of the stock. First National Corp MA ADV increased its holdings in S&P Global by 0.9% in the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider's stock worth $1,211,000 after buying an additional 20 shares during the period. Kathleen S. Wright Associates Inc. grew its position in S&P Global by 25.0% during the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider's stock valued at $51,000 after buying an additional 20 shares during the period. Trust Point Inc. increased its holdings in S&P Global by 1.4% in the third quarter. Trust Point Inc. now owns 1,404 shares of the business services provider's stock valued at $725,000 after buying an additional 20 shares in the last quarter. Headinvest LLC raised its position 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 acquiring an additional 20 shares during the period. Finally, EWA LLC raised its position in shares of S&P Global by 4.2% in the third quarter. EWA LLC now owns 498 shares of the business services provider's stock worth $254,000 after acquiring an additional 20 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

Shares of NYSE SPGI traded up $6.12 during trading on Thursday, hitting $523.34. 771,360 shares of the company were exchanged, compared to its average volume of 1,241,987. The firm's fifty day moving average price is $506.04 and its 200 day moving average price is $504.08. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $162.39 billion, a price-to-earnings ratio of 46.19, a PEG ratio of 2.36 and a beta of 1.20. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Wednesday, February 26th. This is an increase from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is 32.13%.

Wall Street Analyst Weigh In

SPGI has been the topic of several research analyst reports. Robert W. Baird lifted their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. UBS Group boosted their price objective on S&P Global from $605.00 to $610.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Evercore ISI initiated coverage on S&P Global in a research report on Wednesday, October 2nd. They issued an "outperform" rating and a $599.00 target price on the stock. Morgan Stanley boosted their price target on S&P Global from $570.00 to $595.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. decreased their price objective on S&P Global from $600.00 to $585.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $584.54.

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.