Silverberg Bernstein Capital Management LLC Invests $6.56 Million in S&P Global Inc. (NYSE:SPGI)

Silverberg Bernstein Capital Management LLC bought a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,907 shares of the business services provider’s stock, valued at approximately $6,558,000. S&P Global accounts for 6.1% of Silverberg Bernstein Capital Management LLC’s portfolio, making the stock its 4th biggest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SPGI. Minot DeBlois Advisors LLC purchased a new position in S&P Global during the 4th quarter valued at about $25,000. Anderson Financial Strategies LLC purchased a new position in S&P Global during the 4th quarter valued at about $27,000. Human Investing LLC purchased a new position in S&P Global during the 4th quarter valued at about $30,000. Noble Wealth Management PBC purchased a new position in S&P Global during the 4th quarter valued at about $31,000. Finally, Hazlett Burt & Watson Inc. raised its position in S&P Global by 131.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 38 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other S&P Global news, EVP Sally Moore sold 500 shares of S&P Global 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 transaction, the executive vice president now owns 5,131 shares of the company’s stock, valued at $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SPGI has been the topic of a number of analyst reports. Evercore ISI increased their price target on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. BMO Capital Markets increased their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Wells Fargo & Company increased their price target on S&P Global from $607.00 to $627.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. UBS Group increased their price target on S&P Global from $555.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Finally, Bank of America initiated coverage on S&P Global in a research report on Thursday, April 10th. They issued a “buy” rating and a $600.00 price target on the stock. Two research 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $592.71.

S&P Global Price Performance

Shares of NYSE SPGI opened at $513.50 on Tuesday. 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 fifty-two week low of $424.82 and a fifty-two week high of $545.39. The firm has a market capitalization of $157.49 billion, a PE ratio of 41.58, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The stock’s 50-day simple moving average is $492.16 and its 200-day simple moving average is $503.91.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping 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 return on equity of 14.33% and a net margin of 27.12%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.01 earnings per share. As a group, equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company 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 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global’s dividend payout ratio (DPR) is 30.16%.

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.