C M Bidwell & Associates Ltd. Purchases 690 Shares of S&P Global Inc. (NYSE:SPGI)

C M Bidwell & Associates Ltd. boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 7,666.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 699 shares of the business services provider’s stock after purchasing an additional 690 shares during the period. C M Bidwell & Associates Ltd.’s holdings in S&P Global were worth $348,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGI. Human Investing LLC bought a new position in shares of S&P Global in the fourth quarter worth about $30,000. Noble Wealth Management PBC bought a new stake in S&P Global during the 4th quarter valued at about $31,000. Hazlett Burt & Watson Inc. boosted its position in S&P Global by 131.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock valued at $32,000 after buying an additional 38 shares during the period. Dunhill Financial LLC grew its stake in S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after acquiring an additional 34 shares in the last quarter. Finally, Sound Income Strategies LLC increased its position in shares of 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 acquiring an additional 63 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

Shares of SPGI opened at $502.33 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm has a market cap of $157.65 billion, a PE ratio of 40.67, a P/E/G ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The stock has a fifty day moving average price of $515.20 and a 200-day moving average price of $510.10.

S&P Global (NYSE:SPGI) last released 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 return on equity of 14.33% and a net margin of 27.12%. During the same period in the previous year, the firm earned $3.13 earnings per share. Equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.96 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.76%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is currently 31.09%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SPGI shares. Citigroup began coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target for the company. Oppenheimer lowered their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Mizuho started coverage on S&P Global in a research report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price target on the stock. Morgan Stanley lifted their price objective on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Finally, Wells Fargo & Company raised their target price on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $590.86.

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.