Murphy & Mullick Capital Management Corp Makes New Investment in S&P Global Inc. (NYSE:SPGI)

Murphy & Mullick Capital Management Corp acquired a new stake in S&P Global Inc. (NYSE:SPGI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 603 shares of the business services provider’s stock, valued at approximately $300,000.

Several other institutional investors have also recently made changes to their positions in SPGI. Human Investing LLC acquired a new position in shares of S&P Global in the 4th quarter valued at $30,000. Noble Wealth Management PBC purchased a new position in S&P Global in the fourth quarter valued at $31,000. Dunhill Financial LLC raised its position in shares of S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after acquiring an additional 34 shares during the period. Sound Income Strategies LLC boosted its stake in shares of S&P Global by 700.0% during the 4th 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 in the last quarter. Finally, BankPlus Trust Department purchased a new stake in shares of S&P Global during the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE SPGI opened at $513.83 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock’s fifty day moving average is $514.89 and its two-hundred day moving average is $510.33. The firm has a market capitalization of $158.16 billion, a P/E ratio of 41.61, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating 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 business posted $3.13 EPS. On average, research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is presently 31.09%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Morgan Stanley upped their price target on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Evercore ISI upped their target price on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Wells Fargo & Company lifted their price target 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. Mizuho began coverage on shares of S&P Global in a report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price objective on the stock. Finally, Oppenheimer cut their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus 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.