Breed s Hill Capital LLC Makes New $242,000 Investment in S&P Global Inc. (NYSE:SPGI)

Breed s Hill Capital LLC bought a new position in shares of S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 486 shares of the business services provider’s stock, valued at approximately $242,000.

Several other hedge funds also recently bought and sold shares of SPGI. Parkside Financial Bank & Trust lifted its position in shares of S&P Global by 2.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock worth $515,000 after purchasing an additional 20 shares in the last quarter. Personal CFO Solutions LLC lifted its position in shares of S&P Global by 3.1% during the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider’s stock worth $336,000 after purchasing an additional 20 shares in the last quarter. Anfield Capital Management LLC lifted its position in shares of S&P Global by 25.6% during the fourth quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider’s stock worth $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% during the fourth 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 in the last quarter. Finally, Retirement Planning Group LLC lifted its position in shares of S&P Global by 0.4% during the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider’s stock worth $2,870,000 after purchasing an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of S&P Global stock opened at $511.46 on Friday. The firm has a market capitalization of $156.86 billion, a P/E ratio of 41.41, a P/E/G ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a 52 week low of $419.49 and a 52 week high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $490.51 and its two-hundred day moving average is $503.34.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $4.01 earnings per share. Research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be paid a $0.96 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $3.84 annualized dividend and a yield of 0.75%. S&P Global’s dividend payout ratio is currently 30.16%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Robert W. Baird reduced their price target on shares of S&P Global from $616.00 to $589.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Argus raised shares of S&P Global to a “strong-buy” rating in a report on Friday, May 16th. Morgan Stanley raised their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Evercore ISI raised their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. 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 report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $592.71.

Insider Buying and Selling at S&P Global

In other news, EVP Sally Moore sold 500 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president now directly owns 5,131 shares in the company, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by insiders.

S&P Global Profile

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.