Wayfinding Financial LLC Makes New $300,000 Investment in S&P Global Inc. (NYSE:SPGI)

Wayfinding Financial LLC bought a new stake in S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 603 shares of the business services provider’s stock, valued at approximately $300,000.

Several other large investors also recently made changes to their positions in the company. Swedbank AB lifted its position in shares of S&P Global by 11.8% during the 3rd quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock worth $450,280,000 after buying an additional 92,115 shares in the last quarter. Howard Capital Management Group LLC lifted its position in shares of S&P Global by 3.2% during the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock worth $471,000 after acquiring an additional 28 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of S&P Global by 18.4% during the third quarter. Avior Wealth Management LLC now owns 450 shares of the business services provider’s stock worth $232,000 after acquiring an additional 70 shares in the last quarter. Citizens Financial Group Inc. RI lifted its position in shares of S&P Global by 5.2% during the third quarter. Citizens Financial Group Inc. RI now owns 3,923 shares of the business services provider’s stock worth $2,027,000 after acquiring an additional 193 shares in the last quarter. Finally, King Luther Capital Management Corp increased its holdings in shares of S&P Global by 4.9% in the third quarter. King Luther Capital Management Corp now owns 48,194 shares of the business services provider’s stock worth $24,898,000 after purchasing an additional 2,269 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several research analyst reports. Oppenheimer decreased 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 report on Friday, January 3rd. Mizuho assumed coverage on shares of S&P Global in a research report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price target for the company. StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Citigroup began coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. 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 note on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $590.86.

S&P Global Stock Performance

NYSE:SPGI opened at $497.20 on Friday. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The company has a market cap of $153.04 billion, a P/E ratio of 40.26, a P/E/G ratio of 2.41 and a beta of 1.20. The company’s 50-day moving average price is $513.56 and its 200-day moving average price is $510.53. 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 (EPS) 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 in the previous year, the company earned $3.13 earnings per share. On average, sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.77%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is currently 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.