RMR Wealth Builders Buys 382 Shares of S&P Global Inc. (NYSE:SPGI)

RMR Wealth Builders boosted its stake in S&P Global Inc. (NYSE:SPGI) by 22.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,104 shares of the business services provider’s stock after acquiring an additional 382 shares during the period. RMR Wealth Builders’ holdings in S&P Global were worth $927,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. EdgeRock Capital LLC bought a new position in shares of S&P Global during the 4th quarter worth $43,000. Everpar Advisors LLC purchased a new position in S&P Global in the 4th quarter valued at approximately $494,000. Gryphon Financial Partners LLC raised its holdings in S&P Global by 75.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 2,354 shares of the business services provider’s stock valued at $1,018,000 after acquiring an additional 1,014 shares during the period. Barlow Wealth Partners Inc. bought a new stake in S&P Global during the 4th quarter valued at $16,452,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of S&P Global by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,816,218 shares of the business services provider’s stock worth $800,080,000 after acquiring an additional 32,897 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Barclays boosted their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. BMO Capital Markets raised their price objective on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Stifel Nicolaus upped their target price on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a report on Friday, February 9th. Finally, Oppenheimer boosted their price target on shares of S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $462.60.

Insiders Place Their Bets

In other news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total value of $2,548,440.00. Following the transaction, the chief executive officer now owns 162,530 shares in the company, valued at $69,032,992.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by insiders.

S&P Global Stock Performance

NYSE SPGI opened at $431.60 on Thursday. The company has a market capitalization of $135.05 billion, a P/E ratio of 48.12, a P/E/G ratio of 2.37 and a beta of 1.14. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. S&P Global Inc. has a 52-week low of $340.49 and a 52-week high of $461.16. The company has a fifty day moving average of $422.49 and a 200-day moving average of $420.97.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. As a group, equities research analysts predict that S&P Global Inc. will post 14.1 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Tuesday, May 28th. S&P Global’s payout ratio is presently 40.81%.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.