RWA Wealth Partners LLC Buys 1,323 Shares of S&P Global Inc. $SPGI

Key Points

• RWA Wealth Partners LLC increased its stake in S&P Global Inc. by 4.0%, acquiring an additional 1,323 shares and bringing its total holdings to 34,813 shares worth approximately $17.69 million.
• Several hedge funds, including Makena Capital Management and Qtron Investments, also significantly increased their positions in S&P Global during the first quarter, showing a growing interest from institutional investors.
• S&P Global reported a quarterly earnings of $4.43 EPS, surpassing analysts' expectations, and announced a quarterly dividend of $0.96 per share, which will be distributed to shareholders on September 10th.

RWA Wealth Partners LLC grew its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 4.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,813 shares of the business services provider's stock after acquiring an additional 1,323 shares during the period. RWA Wealth Partners LLC's holdings in S&P Global were worth $17,689,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Qtron Investments LLC grew its stake in S&P Global by 32.0% in the 1st quarter. Qtron Investments LLC now owns 5,056 shares of the business services provider's stock worth $2,569,000 after acquiring an additional 1,227 shares in the last quarter. Aptus Capital Advisors LLC lifted its position in shares of S&P Global by 36.2% in the 1st quarter. Aptus Capital Advisors LLC now owns 5,392 shares of the business services provider's stock worth $2,739,000 after purchasing an additional 1,432 shares during the period. Brooklyn Investment Group lifted its position in shares of S&P Global by 29.4% in the 1st quarter. Brooklyn Investment Group now owns 3,308 shares of the business services provider's stock worth $1,680,000 after purchasing an additional 751 shares during the period. Freestone Capital Holdings LLC lifted its position in shares of S&P Global by 0.9% in the 1st quarter. Freestone Capital Holdings LLC now owns 11,607 shares of the business services provider's stock worth $5,898,000 after purchasing an additional 108 shares during the period. Finally, Makena Capital Management LLC lifted its position in shares of S&P Global by 88.6% in the 1st quarter. Makena Capital Management LLC now owns 35,141 shares of the business services provider's stock worth $17,855,000 after purchasing an additional 16,509 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on SPGI. Argus raised shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. UBS Group upped their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Stifel Nicolaus lowered their price target on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Barclays upped their price target on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Finally, Robert W. Baird decreased their target price on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, S&P Global has an average rating of "Moderate Buy" and a consensus price target of $611.69.

S&P Global Trading Down 1.4%

NYSE SPGI opened at $556.11 on Monday. The company has a fifty day simple moving average of $529.89 and a two-hundred day simple moving average of $512.46. The stock has a market cap of $169.78 billion, a P/E ratio of 42.78, a P/E/G ratio of 2.98 and a beta of 1.19. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter last year, the company posted $4.04 earnings per share. The business's quarterly revenue was up 5.8% on a year-over-year basis. On average, analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be paid a dividend of $0.96 per share. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.7%. S&P Global's dividend payout ratio (DPR) is presently 29.54%.

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.

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