S&P Global Inc. (NYSE:SPGI) Shares Sold by SVB Wealth LLC

SVB Wealth LLC lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 23.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,500 shares of the business services provider’s stock after selling 1,090 shares during the quarter. SVB Wealth LLC’s holdings in S&P Global were worth $1,542,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. D.B. Root & Company LLC grew its position in S&P Global by 3.6% in the fourth quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock worth $292,000 after buying an additional 23 shares during the last quarter. Mayflower Financial Advisors LLC grew its position in S&P Global by 3.3% in the fourth quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock worth $315,000 after buying an additional 23 shares during the last quarter. Allworth Financial LP grew its position in S&P Global by 1.8% in the fourth quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock worth $598,000 after buying an additional 24 shares during the last quarter. Independence Bank of Kentucky grew its position in S&P Global by 1.7% in the fourth quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock worth $655,000 after buying an additional 25 shares during the last quarter. Finally, Flputnam Investment Management Co. grew its position in S&P Global by 1.0% in the fourth quarter. Flputnam Investment Management Co. now owns 2,591 shares of the business services provider’s stock worth $1,141,000 after buying an additional 25 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. BMO Capital Markets raised their price objective on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Oppenheimer reaffirmed an “outperform” rating and issued a $480.00 price objective on shares of S&P Global in a research note on Tuesday, April 2nd. Stifel Nicolaus decreased their price objective on shares of S&P Global from $460.00 to $442.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Raymond James raised their price objective on shares of S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $462.00.

Insider Buying and Selling

In related news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total value of $2,548,440.00. Following the transaction, the chief executive officer now owns 162,530 shares in the company, valued at approximately $69,032,992.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

S&P Global Stock Up 0.3 %

S&P Global stock opened at $413.37 on Friday. The company has a market capitalization of $132.39 billion, a P/E ratio of 50.23, a P/E/G ratio of 2.32 and a beta of 1.15. The firm’s fifty day simple moving average is $425.23 and its 200-day simple moving average is $415.25. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 1-year low of $338.92 and a 1-year high of $461.16.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.54 EPS. Sell-side analysts forecast that S&P Global Inc. will post 14.08 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 27th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.88%. The ex-dividend date was Monday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.90. S&P Global’s dividend payout ratio (DPR) is 44.23%.

About S&P Global

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.