613 Shares in S&P Global Inc. (NYSE:SPGI) Purchased by Broadway Wealth Solutions Inc.

Broadway Wealth Solutions Inc. acquired a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 613 shares of the business services provider's stock, valued at approximately $305,000.

Several other large investors have also recently added to or reduced their stakes in the company. Headinvest LLC lifted its stake 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 valued at $515,000 after buying an additional 20 shares in the last quarter. EWA LLC lifted its position in S&P Global by 4.2% in the 3rd quarter. EWA LLC now owns 498 shares of the business services provider's stock valued at $254,000 after acquiring an additional 20 shares in the last quarter. Continuum Advisory LLC boosted its stake in S&P Global by 1.3% during the 3rd quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider's stock valued at $788,000 after purchasing an additional 20 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in S&P Global by 2.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock worth $515,000 after purchasing an additional 20 shares in the last quarter. Finally, Personal CFO Solutions LLC raised its stake in shares of S&P Global by 3.1% in the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock worth $336,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

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S&P Global Stock Performance

NYSE:SPGI traded up $6.10 during trading hours on Monday, reaching $508.61. The stock had a trading volume of 579,726 shares, compared to its average volume of 1,218,238. The stock has a market cap of $159.62 billion, a P/E ratio of 41.15, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The stock has a 50 day simple moving average of $515.20 and a 200 day simple moving average of $510.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period in the previous year, the company posted $3.13 EPS. On average, research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.96 dividend. The ex-dividend date was Wednesday, February 26th. This is an increase from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.75%. S&P Global's dividend payout ratio (DPR) is 31.09%.

Analyst Ratings Changes

SPGI has been the topic of several analyst reports. Mizuho initiated coverage on S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price on the stock. StockNews.com downgraded shares of S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. UBS Group upped their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. BMO Capital Markets raised their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Finally, Citigroup started coverage on shares of S&P Global in a research report on Friday, December 20th. They issued a "buy" rating and a $600.00 price objective for the company. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $590.86.

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.