Choreo LLC Makes New $239,000 Investment in S&P Global Inc. (NYSE:SPGI)

Choreo LLC acquired a new stake in S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 542 shares of the business services provider’s stock, valued at approximately $239,000.

A number of other institutional investors have also modified their holdings of SPGI. Montag & Caldwell LLC lifted its holdings in shares of S&P Global by 15.1% during the 4th quarter. Montag & Caldwell LLC now owns 37,564 shares of the business services provider’s stock worth $16,548,000 after acquiring an additional 4,931 shares during the period. Gilbert & Cook Inc. boosted its holdings in S&P Global by 7.8% in the fourth quarter. Gilbert & Cook Inc. now owns 1,152 shares of the business services provider’s stock valued at $507,000 after acquiring an additional 83 shares during the last quarter. Marco Investment Management LLC acquired a new position in S&P Global in the fourth quarter valued at $220,000. HHM Wealth Advisors LLC raised its holdings in shares of S&P Global by 35.5% in the 4th quarter. HHM Wealth Advisors LLC now owns 229 shares of the business services provider’s stock worth $101,000 after purchasing an additional 60 shares during the period. Finally, Little House Capital LLC acquired a new position in shares of S&P Global in the 4th quarter valued at about $559,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several research firms recently commented on SPGI. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a report on Friday, February 9th. BMO Capital Markets raised their target price on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Stifel Nicolaus upped their price target on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Barclays raised their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $462.60.

S&P Global Stock Up 2.0 %

Shares of NYSE SPGI opened at $425.18 on Friday. The firm has a market cap of $133.04 billion, a price-to-earnings ratio of 47.67, a PEG ratio of 2.33 and a beta of 1.14. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $461.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The stock’s 50-day simple moving average is $422.89 and its 200-day simple moving average is $418.75.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.33. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. As a group, equities analysts anticipate that S&P Global Inc. will post 14.1 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $3.64 dividend on an annualized basis and a yield of 0.86%. S&P Global’s dividend payout ratio (DPR) is 40.81%.

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.