RWA Wealth Partners LLC Has $18.52 Million Stake in S&P Global Inc. $SPGI

RWA Wealth Partners LLC increased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 35,131 shares of the business services provider’s stock after purchasing an additional 318 shares during the quarter. RWA Wealth Partners LLC’s holdings in S&P Global were worth $18,524,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Titan Global Capital Management USA LLC raised its position in shares of S&P Global by 14.1% during the 2nd quarter. Titan Global Capital Management USA LLC now owns 60,512 shares of the business services provider’s stock valued at $31,907,000 after acquiring an additional 7,467 shares during the last quarter. True Wealth Design LLC grew its stake in shares of S&P Global by 1,158.3% during the second quarter. True Wealth Design LLC now owns 151 shares of the business services provider’s stock worth $80,000 after purchasing an additional 139 shares during the period. AE Wealth Management LLC increased its holdings in S&P Global by 2.6% in the second quarter. AE Wealth Management LLC now owns 69,548 shares of the business services provider’s stock valued at $36,673,000 after purchasing an additional 1,751 shares during the last quarter. Paradigm Asset Management Co. LLC lifted its stake in S&P Global by 100.0% in the second quarter. Paradigm Asset Management Co. LLC now owns 600 shares of the business services provider’s stock valued at $316,000 after buying an additional 300 shares during the period. Finally, Penserra Capital Management LLC lifted its stake in S&P Global by 17.1% in the second quarter. Penserra Capital Management LLC now owns 3,800 shares of the business services provider’s stock valued at $2,003,000 after buying an additional 555 shares during the period. 87.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SPGI shares. Citigroup boosted their target price on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Evercore ISI boosted their price objective on shares of S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a report on Friday, October 31st. JPMorgan Chase & Co. lowered their target price on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. BMO Capital Markets reissued an “outperform” rating and set a $538.00 price target on shares of S&P Global in a research report on Friday, October 31st. Finally, Mizuho boosted their price target on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $612.38.

S&P Global Stock Performance

S&P Global stock opened at $495.89 on Friday. The business has a 50 day moving average of $502.04 and a 200-day moving average of $516.17. The company has a market capitalization of $150.15 billion, a P/E ratio of 38.15, a P/E/G ratio of 2.50 and a beta of 1.17. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm had revenue of $1.87 billion during the quarter. On average, equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global’s payout ratio is 27.93%.

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.