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

Wayfinding Financial LLC acquired a new position in S&P Global Inc. (NYSE:SPGI) during the 4th quarter, Holdings Channel reports. The fund acquired 603 shares of the business services provider’s stock, valued at approximately $300,000.

Several other institutional investors and hedge funds have also made changes to their positions in SPGI. Nordea Investment Management AB boosted its position in shares of S&P Global by 52.0% in the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after acquiring an additional 225,370 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of S&P Global by 12.6% during the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after acquiring an additional 3,093 shares during the period. Eastern Bank boosted its holdings in shares of S&P Global by 3.1% during the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock valued at $24,980,000 after acquiring an additional 1,530 shares during the period. Oddo BHF Asset Management Sas bought a new stake in shares of S&P Global during the third quarter valued at about $27,170,000. Finally, Wealthfront Advisers LLC raised its stake in shares of S&P Global by 19.1% during the fourth quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider’s stock valued at $18,799,000 after purchasing an additional 6,051 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on SPGI shares. BMO Capital Markets boosted their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. 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 note on Wednesday, February 12th. Mizuho initiated coverage on S&P Global in a research note on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price on the stock. Citigroup began coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price target for the company. Finally, StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $590.86.

S&P Global Trading Up 0.4 %

NYSE SPGI opened at $497.20 on Friday. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The business’s 50-day moving average price is $513.56 and its two-hundred day moving average price is $510.53. The firm has a market capitalization of $153.04 billion, a PE ratio of 40.26, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping 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 firm earned $3.13 earnings per share. On average, analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.77%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global’s dividend payout ratio is 31.09%.

S&P Global 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.