2,457 Shares in S&P Global Inc. (NYSE:SPGI) Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC purchased a new stake in S&P Global Inc. (NYSE:SPGI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,457 shares of the business services provider’s stock, valued at approximately $1,224,000.

Other hedge funds have also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new stake in S&P Global during the 3rd quarter worth approximately $27,000. First Personal Financial Services acquired a new stake in shares of S&P Global during the third quarter worth $29,000. Capital Performance Advisors LLP bought a new stake in shares of S&P Global in the third quarter valued at about $31,000. Voisard Asset Management Group Inc. grew its stake in shares of S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 27 shares in the last quarter. Finally, Dunhill Financial LLC increased its position 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 acquiring an additional 34 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. UBS Group boosted their price objective on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Morgan Stanley increased their price target on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Evercore ISI initiated coverage on S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective for the company. Oppenheimer reduced their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Finally, BMO Capital Markets boosted their price target on S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Stock Performance

Shares of S&P Global stock opened at $517.31 on Thursday. The company’s 50 day moving average price is $505.75 and its two-hundred day moving average price is $503.99. The firm has a market capitalization of $160.52 billion, a P/E ratio of 45.66, a P/E/G ratio of 2.36 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is presently 32.13%.

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.