Prestige Wealth Management Group LLC Boosts Holdings in S&P Global Inc. (NYSE:SPGI)

Prestige Wealth Management Group LLC lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,023 shares of the business services provider’s stock after purchasing an additional 183 shares during the period. Prestige Wealth Management Group LLC’s holdings in S&P Global were worth $891,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of SPGI. Private Wealth Management Group LLC acquired a new stake in shares of S&P Global in the fourth quarter valued at about $26,000. Valued Wealth Advisors LLC acquired a new stake in S&P Global in the 4th quarter valued at about $28,000. Oliver Lagore Vanvalin Investment Group lifted its stake in S&P Global by 64.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after purchasing an additional 25 shares in the last quarter. Fortis Group Advisors LLC acquired a new position in shares of S&P Global during the 3rd quarter worth approximately $33,000. Finally, LFA Lugano Financial Advisors SA grew its position in shares of S&P Global by 200.0% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a research note on Friday, February 9th. BMO Capital Markets raised their price objective on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Barclays boosted their target price on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Oppenheimer raised their price target on shares of S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $467.89.

S&P Global Stock Up 0.9 %

NYSE:SPGI traded up $3.86 during trading hours on Friday, hitting $441.88. The company’s stock had a trading volume of 1,236,193 shares, compared to its average volume of 1,508,058. S&P Global Inc. has a 52-week low of $340.49 and a 52-week high of $461.16. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $138.26 billion, a P/E ratio of 49.54, a price-to-earnings-growth ratio of 2.45 and a beta of 1.14. The stock has a fifty day moving average of $423.47 and a 200-day moving average of $425.24.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate 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 analysts forecast that S&P Global Inc. will post 14.1 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $3.64 annualized dividend and a yield of 0.82%. S&P Global’s dividend payout ratio is presently 40.81%.

About S&P Global

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.