ProShare Advisors LLC Has $225.67 Million Position in S&P Global Inc. (NYSE:SPGI)

ProShare Advisors LLC raised its position in S&P Global Inc. (NYSE:SPGI) by 5.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 453,115 shares of the business services provider’s stock after purchasing an additional 24,414 shares during the period. ProShare Advisors LLC’s holdings in S&P Global were worth $225,665,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPGI. Minot DeBlois Advisors LLC bought a new position in S&P Global during the fourth quarter valued at about $25,000. Anderson Financial Strategies LLC purchased a new stake in shares of S&P Global in the fourth quarter worth about $27,000. Human Investing LLC purchased a new stake in shares of S&P Global in the fourth quarter worth about $30,000. Noble Wealth Management PBC bought a new position in shares of S&P Global in the fourth quarter worth approximately $31,000. Finally, Hazlett Burt & Watson Inc. increased its position in shares of S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock worth $32,000 after purchasing an additional 38 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI stock opened at $512.09 on Thursday. The company has a market capitalization of $157.06 billion, a PE ratio of 41.46, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The company’s fifty day moving average price is $486.48 and its 200-day moving average price is $501.96. 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 Inc. has a one year low of $419.49 and a one year high of $545.39.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating 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 business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the firm posted $4.01 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

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

Insider Transactions at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the stock in a transaction dated 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 $2,619,016.33. This represents a 8.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. BMO Capital Markets lifted their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Evercore ISI lifted their price target 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. Morgan Stanley boosted 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. Robert W. Baird lowered their price target on S&P Global from $616.00 to $589.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. decreased 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. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $592.71.

S&P Global Company 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.