Principal Street Partners LLC Has $284,000 Stake in S&P Global Inc. (NYSE:SPGI)

Principal Street Partners LLC boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 7.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 570 shares of the business services provider’s stock after buying an additional 41 shares during the period. Principal Street Partners LLC’s holdings in S&P Global were worth $284,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SPGI. Norges Bank bought a new position in shares of S&P Global in the fourth quarter worth about $1,725,084,000. Raymond James Financial Inc. bought a new position in shares of S&P Global in the fourth quarter worth about $527,207,000. Proficio Capital Partners LLC lifted its holdings in shares of S&P Global by 71,024.1% in the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock worth $308,525,000 after acquiring an additional 618,620 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of S&P Global by 19.1% in the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider’s stock worth $1,631,568,000 after acquiring an additional 525,347 shares during the last quarter. Finally, BlueSpruce Investments LP bought a new position in shares of S&P Global in the fourth quarter worth about $178,858,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SPGI. Morgan Stanley increased their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. UBS Group increased their target price on shares of S&P Global from $555.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. dropped their price objective on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Finally, Wells Fargo & Company raised their price objective on shares of S&P Global from $607.00 to $627.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $592.71.

Insider Buying and Selling at S&P Global

In other news, EVP Sally Moore sold 500 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the sale, the executive vice president now owns 5,131 shares of the company’s stock, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

S&P Global Trading Down 0.4%

NYSE SPGI opened at $522.07 on Wednesday. The business’s fifty day moving average is $489.70 and its 200-day moving average is $503.11. S&P Global Inc. has a one year low of $419.49 and a one year high of $545.39. The stock has a market capitalization of $160.12 billion, a price-to-earnings ratio of 42.27, a PEG ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

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

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Wednesday, May 28th. S&P Global’s payout ratio is currently 30.16%.

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.