Wayfinding Financial LLC Takes $300,000 Position in S&P Global Inc. (NYSE:SPGI)

Wayfinding Financial LLC bought 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. The fund bought 603 shares of the business services provider's stock, valued at approximately $300,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Human Investing LLC acquired a new position in shares of S&P Global during the fourth quarter worth approximately $30,000. Noble Wealth Management PBC bought a new stake in S&P Global during the 4th quarter valued at $31,000. Dunhill Financial LLC raised its holdings in S&P Global by 94.4% during the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock worth $36,000 after buying an additional 34 shares during the last quarter. Sound Income Strategies LLC lifted its stake in shares of S&P Global by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock valued at $36,000 after buying an additional 63 shares in the last quarter. Finally, BankPlus Trust Department acquired a new position in shares of S&P Global during the fourth quarter valued at about $40,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

NYSE:SPGI traded up $9.89 on Tuesday, reaching $513.83. 1,350,988 shares of the company's stock were exchanged, compared to its average volume of 1,154,689. The stock has a fifty day simple moving average of $514.89 and a 200-day simple moving average of $510.33. 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 current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $158.16 billion, a price-to-earnings ratio of 41.61, a P/E/G ratio of 2.41 and a beta of 1.20.

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S&P Global (NYSE:SPGI - Get Free Report) last released 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 period last year, the business posted $3.13 earnings per share. As a group, sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently disclosed 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 represents a $3.84 annualized dividend and a yield of 0.75%. This is a boost from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is currently 31.09%.

Analyst Ratings Changes

Several brokerages recently weighed in on SPGI. Morgan Stanley raised their price target on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Wells Fargo & Company lifted their target price on S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. UBS Group increased their price target on S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Mizuho started coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price for the company. Finally, Evercore ISI boosted their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.