Sapient Capital LLC Has $358,000 Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Sapient Capital LLC raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 57.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 842 shares of the business services provider’s stock after buying an additional 308 shares during the period. Sapient Capital LLC’s holdings in S&P Global were worth $358,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in S&P Global by 13.2% in the third quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock valued at $2,769,787,000 after acquiring an additional 881,215 shares during the last quarter. Morgan Stanley increased its stake in shares of S&P Global by 8.2% during the 3rd quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock worth $2,067,807,000 after purchasing an additional 428,737 shares during the last quarter. Capital International Investors increased its stake in shares of S&P Global by 12.6% during the 4th quarter. Capital International Investors now owns 5,502,039 shares of the business services provider’s stock worth $2,423,762,000 after purchasing an additional 616,732 shares during the last quarter. Norges Bank bought a new stake in shares of S&P Global during the 4th quarter worth about $1,652,862,000. Finally, Northern Trust Corp boosted its holdings in shares of S&P Global by 1.6% during the 3rd quarter. Northern Trust Corp now owns 3,275,029 shares of the business services provider’s stock worth $1,196,728,000 after buying an additional 52,560 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Up 0.1 %

NYSE SPGI traded up $0.52 on Tuesday, hitting $415.83. The company’s stock had a trading volume of 1,954,106 shares, compared to its average volume of 1,373,341. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $461.16. The company’s 50-day moving average is $423.42 and its 200 day moving average is $418.78. The firm has a market cap of $130.11 billion, a PE ratio of 46.62, a PEG ratio of 2.35 and a beta of 1.15.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. As a group, analysts predict that S&P Global Inc. will post 14.03 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm 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 $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.88%. S&P Global’s dividend payout ratio (DPR) is 40.81%.

Insider Buying and Selling at S&P Global

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

Wall Street Analysts Forecast Growth

SPGI has been the subject of several research analyst reports. Barclays lifted their target price on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Raymond James boosted their price objective on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Stifel Nicolaus boosted their price objective on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a report on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of S&P Global in a report on Friday, February 9th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $462.60.

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.