Balboa Wealth Partners Cuts Stake in S&P Global Inc. (NYSE:SPGI)

Balboa Wealth Partners cut its position in S&P Global Inc. (NYSE:SPGI) by 12.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,269 shares of the business services provider’s stock after selling 187 shares during the period. Balboa Wealth Partners’ holdings in S&P Global were worth $632,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SPGI. Human Investing LLC purchased a new stake in shares of S&P Global during the fourth quarter valued at $30,000. Noble Wealth Management PBC bought a new stake in S&P Global during the fourth quarter valued at approximately $31,000. Dunhill Financial LLC increased its holdings in S&P Global by 94.4% during 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 last quarter. Sound Income Strategies LLC raised its position in S&P Global by 700.0% in 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. Finally, BankPlus Trust Department bought a new position in S&P Global in the fourth quarter worth approximately $40,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

NYSE:SPGI opened at $478.74 on Thursday. The firm has a market capitalization of $147.36 billion, a price-to-earnings ratio of 38.76, a PEG ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50 day simple moving average of $514.13 and a 200-day simple moving average of $511.23. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping 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 prior year, the firm earned $3.13 earnings per share. Equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current 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 issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.80%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. S&P Global’s dividend payout ratio is presently 31.09%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup initiated coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price target for the company. Wells Fargo & Company upped their price target on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. StockNews.com downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Oppenheimer lowered their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Finally, Mizuho began coverage on S&P Global in a report on Wednesday. They set an “outperform” rating and a $599.00 price target on the stock. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $590.86.

About S&P Global

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.