Axxcess Wealth Management LLC Acquires 908 Shares of S&P Global Inc. (NYSE:SPGI)

Axxcess Wealth Management LLC raised its position in S&P Global Inc. (NYSE:SPGI) by 39.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,212 shares of the business services provider’s stock after buying an additional 908 shares during the quarter. Axxcess Wealth Management LLC’s holdings in S&P Global were worth $1,600,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Human Investing LLC bought a new position in S&P Global in the 4th quarter valued at $30,000. Noble Wealth Management PBC bought a new position in S&P Global in the 4th quarter valued at $31,000. Dunhill Financial LLC boosted its position 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 valued at $36,000 after buying an additional 34 shares during the last quarter. Sound Income Strategies LLC boosted its position in S&P Global by 700.0% in the 4th 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 during the last quarter. Finally, BankPlus Trust Department bought a new position in S&P Global in the 4th quarter valued at $40,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

SPGI opened at $495.40 on Thursday. The business’s 50-day moving average price is $513.53 and its two-hundred day moving average price is $510.62. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The company has a market capitalization of $152.48 billion, a price-to-earnings ratio of 40.11, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business posted $3.13 EPS. Equities analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal 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 given a $0.96 dividend. 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 0.78%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is currently 31.09%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent research reports. Mizuho initiated coverage on S&P Global in a research report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price target on the stock. Oppenheimer reduced their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Morgan Stanley raised their price target 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. Citigroup initiated coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. Finally, Wells Fargo & Company raised their price target on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $590.86.

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.