RWA Wealth Partners LLC Grows Position in S&P Global Inc. (NYSE:SPGI)

RWA Wealth Partners LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 370.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,490 shares of the business services provider's stock after buying an additional 26,373 shares during the quarter. RWA Wealth Partners LLC's holdings in S&P Global were worth $16,679,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SPGI. Human Investing LLC bought a new stake in shares of S&P Global during the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC bought a new stake in S&P Global in the 4th quarter valued at $31,000. Dunhill Financial LLC lifted its stake in S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock worth $36,000 after purchasing an additional 34 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock valued at $36,000 after purchasing an additional 63 shares during the last quarter. Finally, BankPlus Trust Department purchased a new position in shares of S&P Global during the fourth quarter valued at about $40,000. Institutional investors own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Morgan Stanley boosted their target price on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. StockNews.com lowered shares of S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Citigroup began coverage on shares of S&P Global in a research note on Friday, December 20th. They set a "buy" rating and a $600.00 price target on the stock. UBS Group lifted their price objective 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. Finally, BMO Capital Markets upped their target price 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. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $590.86.

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S&P Global Trading Up 0.5 %

S&P Global stock traded up $2.56 during mid-day trading on Tuesday, hitting $510.66. The company's stock had a trading volume of 979,511 shares, compared to its average volume of 1,220,212. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The stock has a market cap of $160.26 billion, a PE ratio of 41.35, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a 50 day moving average of $515.34 and a 200-day moving average of $510.02. 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 (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 for the quarter, beating 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 last year, the business posted $3.13 earnings per share. On average, research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.96 dividend. This is a positive change from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. S&P Global's payout ratio 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.