Western Wealth Management LLC Purchases 590 Shares of S&P Global Inc. (NYSE:SPGI)

Western Wealth Management LLC boosted its position in S&P Global Inc. (NYSE:SPGI) by 25.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,865 shares of the business services provider’s stock after acquiring an additional 590 shares during the period. Western Wealth Management LLC’s holdings in S&P Global were worth $1,262,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SPGI. Norges Bank bought a new stake in S&P Global in the 4th quarter worth $1,112,935,000. Clearbridge Investments LLC boosted its stake in shares of S&P Global by 11,089.7% during the 1st quarter. Clearbridge Investments LLC now owns 2,230,227 shares of the business services provider’s stock valued at $914,794,000 after purchasing an additional 2,210,296 shares in the last quarter. Morgan Stanley boosted its stake in shares of S&P Global by 49.9% during the 4th quarter. Morgan Stanley now owns 4,318,418 shares of the business services provider’s stock valued at $1,446,412,000 after purchasing an additional 1,437,116 shares in the last quarter. Northern Trust Corp boosted its stake in shares of S&P Global by 39.5% during the 1st quarter. Northern Trust Corp now owns 3,727,874 shares of the business services provider’s stock valued at $1,529,100,000 after purchasing an additional 1,056,097 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its stake in shares of S&P Global by 113,163.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,005,777 shares of the business services provider’s stock valued at $336,875,000 after purchasing an additional 1,004,889 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $480.00 target price on shares of S&P Global in a research note on Tuesday, April 2nd. Raymond James upped their price objective on shares of S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Barclays upped their price objective on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Stifel Nicolaus cut their price objective on shares of S&P Global from $460.00 to $442.00 and set a “buy” rating on the stock in a report on Thursday. Finally, BMO Capital Markets upped their price objective on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $462.00.

Insider Activity at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the transaction, the chief executive officer now owns 162,530 shares in the company, valued at $69,032,992.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

S&P Global Trading Down 0.2 %

NYSE:SPGI opened at $412.56 on Friday. The company’s 50 day moving average price is $424.73 and its 200-day moving average price is $415.57. S&P Global Inc. has a 52 week low of $338.92 and a 52 week high of $461.16. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. The stock has a market cap of $132.13 billion, a price-to-earnings ratio of 50.13, a PEG ratio of 2.33 and a beta of 1.15.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the company earned $2.54 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts forecast that S&P Global Inc. will post 14.08 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th were issued a dividend of $0.91 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Monday, February 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.88%. S&P Global’s dividend payout ratio is presently 44.23%.

S&P Global Company 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.