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

Mission Wealth Management LP boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 14.4% during the 4th quarter, Holdings Channel reports. The firm owned 4,358 shares of the business services provider’s stock after acquiring an additional 549 shares during the period. Mission Wealth Management LP’s holdings in S&P Global were worth $2,171,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC raised its stake in shares of S&P Global by 71,024.1% during the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock worth $308,525,000 after purchasing an additional 618,620 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in S&P Global during the third quarter worth about $224,976,000. FMR LLC raised its position in S&P Global by 6.6% in the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after acquiring an additional 369,598 shares during the period. Union Bancaire Privee UBP SA purchased a new position in S&P Global in the fourth quarter valued at about $144,091,000. Finally, Wellington Management Group LLP grew its position in shares of S&P Global by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after acquiring an additional 292,436 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $528.98 on Tuesday. The stock’s 50-day moving average is $514.36 and its 200 day moving average is $511.20. The stock has a market cap of $162.82 billion, a price-to-earnings ratio of 42.83, a P/E/G ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 1-year low of $407.69 and a 1-year 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.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter in the previous year, the company earned $3.13 EPS. On average, sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.73%. 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 (DPR) is presently 31.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SPGI shares. StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Oppenheimer lowered their price target on shares of 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. Evercore ISI upped their price target on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. UBS Group lifted their price objective on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley increased their target price 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. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $590.23.

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.