Mission Wealth Management LP Raises Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Mission Wealth Management LP boosted its position in S&P Global Inc. (NYSE:SPGI) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,028 shares of the business services provider’s stock after purchasing an additional 203 shares during the quarter. Mission Wealth Management LP’s holdings in S&P Global were worth $893,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Fidelis Capital Partners LLC boosted its holdings in shares of S&P Global by 18.5% during the 3rd quarter. Fidelis Capital Partners LLC now owns 1,409 shares of the business services provider’s stock valued at $515,000 after acquiring an additional 220 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of S&P Global by 6.1% during the 4th quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock valued at $671,000 after buying an additional 87 shares during the period. Handelsinvest Investeringsforvaltning purchased a new position in shares of S&P Global in the 4th quarter worth $1,644,000. Citizens Financial Group Inc. RI grew its holdings in shares of S&P Global by 54.2% in the fourth quarter. Citizens Financial Group Inc. RI now owns 3,172 shares of the business services provider’s stock worth $1,397,000 after acquiring an additional 1,115 shares during the period. Finally, Aspiriant LLC purchased a new stake in S&P Global during the fourth quarter valued at $398,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

NYSE:SPGI opened at $416.21 on Thursday. The business’s 50-day moving average is $423.26 and its 200 day moving average is $418.76. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $461.16. The company has a market capitalization of $130.23 billion, a P/E ratio of 46.66, a P/E/G ratio of 2.32 and a beta of 1.14. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.33. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. On average, equities research analysts forecast that S&P Global Inc. will post 14.1 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th will be issued a $0.91 dividend. The ex-dividend date is Wednesday, May 29th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.87%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Insider Activity

In other news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the sale, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of S&P Global in a research note on Friday, February 9th. Barclays boosted their price objective on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Raymond James boosted their price target on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. BMO Capital Markets boosted their price objective on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Finally, Oppenheimer raised their target price on shares of S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $462.60.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.