Forum Financial Management LP Buys 479 Shares of S&P Global Inc. (NYSE:SPGI)

Forum Financial Management LP grew its stake in S&P Global Inc. (NYSE:SPGI) by 19.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,984 shares of the business services provider’s stock after acquiring an additional 479 shares during the period. Forum Financial Management LP’s holdings in S&P Global were worth $1,486,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Parkside Financial Bank & Trust grew its position in shares of S&P Global by 2.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock worth $515,000 after buying an additional 20 shares in the last quarter. Personal CFO Solutions LLC increased its position in S&P Global by 3.1% during the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider’s stock valued at $336,000 after purchasing an additional 20 shares during the period. Anfield Capital Management LLC raised its holdings in shares of S&P Global by 25.6% in the 4th quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 22 shares in the last quarter. Invenio Wealth Partners LLC lifted its position in shares of S&P Global by 4.0% in the 4th quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider’s stock worth $286,000 after purchasing an additional 22 shares during the period. Finally, Wedge Capital Management L L P NC boosted its stake in shares of S&P Global by 4.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider’s stock valued at $265,000 after purchasing an additional 23 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

NYSE:SPGI opened at $462.55 on Friday. The firm’s fifty day moving average is $499.33 and its two-hundred day moving average is $504.61. The firm has a market cap of $145.17 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 2.41 and a beta of 1.26. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter last year, the business earned $3.13 EPS. Research analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a $0.96 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.83%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is 31.09%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SPGI. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Morgan Stanley raised their price objective on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Wells Fargo & Company decreased their price target on shares of S&P Global from $633.00 to $607.00 and set an “overweight” rating for the company in a research report on Thursday. Bank of America initiated coverage on shares of S&P Global in a research note on Thursday, April 10th. They set a “buy” rating and a $600.00 price objective for the company. Finally, BMO Capital Markets raised their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $591.86.

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.