Broadway Wealth Solutions Inc. Purchases Shares of 613 S&P Global Inc. (NYSE:SPGI)

Broadway Wealth Solutions Inc. bought a new position in S&P Global Inc. (NYSE:SPGI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 613 shares of the business services provider’s stock, valued at approximately $305,000.

A number of other hedge funds also recently modified their holdings of SPGI. Human Investing LLC acquired a new stake in shares of S&P Global in the fourth quarter worth $30,000. Noble Wealth Management PBC acquired a new position in shares of S&P Global during the fourth quarter valued at about $31,000. Dunhill Financial LLC lifted 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 buying an additional 34 shares during the period. Sound Income Strategies LLC grew its position in S&P Global by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after buying an additional 63 shares in the last quarter. Finally, BankPlus Trust Department bought a new position in S&P Global during the fourth quarter valued at about $40,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. BMO Capital Markets lifted their price objective on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Evercore ISI increased their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Oppenheimer reduced 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. Finally, Morgan Stanley raised their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $590.86.

S&P Global Stock Performance

Shares of SPGI opened at $508.95 on Friday. The firm’s fifty day simple moving average is $515.19 and its two-hundred day simple moving average is $510.30. The stock has a market capitalization of $156.66 billion, a P/E ratio of 41.21, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. 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 Inc. has a 12 month low of $407.69 and a 12 month high of $545.39.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating 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 period in the previous year, the business posted $3.13 EPS. As a group, analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently declared 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 is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Wednesday, February 26th. S&P Global’s dividend payout ratio is presently 31.09%.

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.