Waterloo Capital L.P. Acquires 425 Shares of S&P Global Inc. (NYSE:SPGI)

Waterloo Capital L.P. boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 12.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,720 shares of the business services provider’s stock after acquiring an additional 425 shares during the quarter. Waterloo Capital L.P.’s holdings in S&P Global were worth $1,853,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Human Investing LLC bought a new stake in shares of S&P Global in the 4th quarter worth about $30,000. Noble Wealth Management PBC bought a new stake in S&P Global during the fourth quarter worth about $31,000. Hazlett Burt & Watson Inc. increased its holdings in shares of S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock worth $32,000 after buying an additional 38 shares in the last quarter. Dunhill Financial LLC raised its stake in shares of S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 34 shares during the last quarter. Finally, Sound Income Strategies LLC grew its position in S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after acquiring an additional 63 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Evercore ISI lifted their price objective on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Morgan Stanley upped their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. UBS Group increased their price objective on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Citigroup initiated coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. Finally, Wells Fargo & Company increased their price target on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $590.86.

S&P Global Trading Down 7.7 %

NYSE:SPGI opened at $451.47 on Monday. The firm has a market capitalization of $141.69 billion, a price-to-earnings ratio of 36.56, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 1-year low of $405.23 and a 1-year high of $545.39. The business’s 50-day moving average price is $513.70 and its two-hundred day moving average price is $509.15. 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 released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping the consensus estimate 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 last year, the business posted $3.13 EPS. On average, equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is presently 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.