Tyche Wealth Partners LLC Invests $265,000 in S&P Global Inc. (NYSE:SPGI)

Tyche Wealth Partners LLC bought a new position in shares of S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 602 shares of the business services provider’s stock, valued at approximately $265,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fidelis Capital Partners LLC lifted its position in shares of 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 worth $515,000 after purchasing an additional 220 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in shares of S&P Global by 6.1% in 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. Handelsinvest Investeringsforvaltning bought a new stake in shares of S&P Global in the fourth quarter valued at about $1,644,000. Aspiriant LLC bought a new stake in shares of S&P Global in the fourth quarter valued at about $398,000. Finally, Westfield Capital Management Co. LP raised its holdings in shares of S&P Global by 12.1% in the third quarter. Westfield Capital Management Co. LP now owns 186,231 shares of the business services provider’s stock valued at $68,051,000 after acquiring an additional 20,153 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Erste Group Bank restated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a report on Friday, February 9th. Barclays lifted their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Raymond James lifted their target price on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $480.00 target price on shares of S&P Global in a research note on Tuesday, April 2nd. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $464.22.

Insider Transactions at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the sale, 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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

S&P Global Price Performance

Shares of SPGI stock opened at $412.11 on Thursday. S&P Global Inc. has a fifty-two week low of $338.92 and a fifty-two week high of $461.16. The firm has a market capitalization of $131.98 billion, a price-to-earnings ratio of 50.07, a PEG ratio of 2.31 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84. The stock’s 50-day simple moving average is $425.70 and its 200-day simple moving average is $415.27.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The business 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 firm posted $2.54 EPS. S&P Global’s revenue was up 7.3% on a year-over-year basis. As a group, equities analysts forecast that S&P Global Inc. will post 14.03 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th were paid a dividend of $0.91 per share. This is a positive change 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 payout ratio is presently 44.23%.

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.