Burling Wealth Partners LLC Acquires New Shares in S&P Global Inc. (NYSE:SPGI)

Burling Wealth Partners LLC acquired a new position in S&P Global Inc. (NYSE:SPGI) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 2,518 shares of the business services provider’s stock, valued at approximately $1,254,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Human Investing LLC purchased a new position in S&P Global during the fourth quarter worth $30,000. Noble Wealth Management PBC acquired a new stake in S&P Global during the fourth quarter worth approximately $31,000. Hazlett Burt & Watson Inc. grew its stake 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 worth $32,000 after acquiring an additional 38 shares during the period. Sound Income Strategies LLC raised its holdings in S&P Global by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 63 shares during the last quarter. Finally, BankPlus Trust Department purchased a new position in shares of S&P Global during the 4th quarter worth $40,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $470.84 on Thursday. The company has a market cap of $147.77 billion, a P/E ratio of 38.12, a PEG ratio of 2.41 and a beta of 1.26. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The business’s 50-day simple moving average is $494.80 and its 200 day simple moving average is $503.54. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping analysts’ consensus estimates 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 EPS. 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 disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a $0.96 dividend. 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 yield of 0.82%. The ex-dividend date was Wednesday, February 26th. S&P Global’s dividend payout ratio is presently 31.09%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. UBS Group lifted their price target on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Evercore ISI upped their price target 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. BMO Capital Markets lifted their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Bank of America began coverage on shares of S&P Global in a research note on Thursday, April 10th. They set a “buy” rating and a $600.00 price objective for the company. Finally, Mizuho started coverage on S&P Global in a research report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 target price on the stock. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $591.86.

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.