Crux Wealth Advisors Acquires Shares of 1,008 S&P Global Inc. (NYSE:SPGI)

Crux Wealth Advisors acquired a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,008 shares of the business services provider's stock, valued at approximately $502,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Human Investing LLC acquired a new position in S&P Global in the 4th quarter valued at $30,000. Noble Wealth Management PBC bought a new stake in shares of S&P Global during the 4th quarter worth $31,000. Hazlett Burt & Watson Inc. boosted its stake in S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after buying an additional 38 shares in the last quarter. Sound Income Strategies LLC raised its stake in S&P Global by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock worth $36,000 after acquiring an additional 63 shares in the last quarter. Finally, BankPlus Trust Department bought a new position in shares of S&P Global in the fourth quarter worth about $40,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SPGI shares. Wells Fargo & Company boosted their target price on shares of S&P Global from $617.00 to $633.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Evercore ISI upped their target price on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. StockNews.com lowered S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Morgan Stanley upped their price objective on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Finally, Citigroup started coverage on shares of S&P Global in a research report on Friday, December 20th. They set a "buy" rating and a $600.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, S&P Global has an average rating of "Moderate Buy" and an average target price of $593.71.

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S&P Global Trading Down 1.3 %

S&P Global stock traded down $6.24 during trading hours on Wednesday, reaching $464.47. 831,014 shares of the company's stock were exchanged, compared to its average volume of 1,240,157. The firm has a market capitalization of $145.77 billion, a PE ratio of 37.61, a PEG ratio of 2.41 and a beta of 1.26. 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 firm's 50 day simple moving average is $503.02 and its 200 day simple moving average is $505.60. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results 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 return on equity of 14.33% and a net margin of 27.12%. During the same period in the prior year, the company earned $3.13 earnings per share. Research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a dividend of $0.96 per share. The ex-dividend date was Wednesday, February 26th. This is a positive change from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.83%. S&P Global's dividend payout ratio is currently 31.09%.

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.