Catalytic Wealth RIA LLC Invests $592,000 in S&P Global Inc. (NYSE:SPGI)

Catalytic Wealth RIA LLC acquired a new position in S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,343 shares of the business services provider’s stock, valued at approximately $592,000.

Other institutional investors have also recently modified their holdings of the company. Janney Capital Management LLC raised its position in S&P Global by 2.7% during the fourth quarter. Janney Capital Management LLC now owns 17,429 shares of the business services provider’s stock valued at $7,678,000 after acquiring an additional 461 shares in the last quarter. Fidelis Capital Partners LLC raised its position in S&P Global by 18.5% during the third quarter. Fidelis Capital Partners LLC now owns 1,409 shares of the business services provider’s stock valued at $515,000 after acquiring an additional 220 shares in the last quarter. Arkadios Wealth Advisors raised its position in S&P Global by 6.1% during the fourth quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock valued at $671,000 after acquiring an additional 87 shares in the last quarter. Citizens Financial Group Inc. RI raised its position in S&P Global by 54.2% during the fourth quarter. Citizens Financial Group Inc. RI now owns 3,172 shares of the business services provider’s stock valued at $1,397,000 after acquiring an additional 1,115 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its position in S&P Global by 15.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,403,726 shares of the business services provider’s stock valued at $618,369,000 after acquiring an additional 190,758 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on SPGI. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Stifel Nicolaus raised their price objective on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a report on Friday, April 26th. Oppenheimer lifted their price target on S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Barclays lifted their price target on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a research note on Friday, May 24th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $467.89.

S&P Global Trading Down 0.8 %

Shares of SPGI stock traded down $3.37 on Thursday, hitting $421.59. The stock had a trading volume of 892,846 shares, compared to its average volume of 1,327,155. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $131.92 billion, a P/E ratio of 47.26, a P/E/G ratio of 2.39 and a beta of 1.14. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $461.16. The company’s 50 day moving average price is $425.08 and its 200-day moving average price is $428.28.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.33. The firm had revenue of $3.49 billion for 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%. Analysts anticipate that S&P Global Inc. will post 14.1 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th will be issued a dividend of $0.91 per share. The ex-dividend date is Wednesday, May 29th. This represents a $3.64 annualized dividend and a yield of 0.86%. S&P Global’s dividend payout ratio (DPR) is 40.81%.

S&P Global Profile

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.