Ewing Morris & Co. Investment Partners Ltd. Invests $1.66 Million in S&P Global Inc. (NYSE:SPGI)

Ewing Morris & Co. Investment Partners Ltd. purchased a new stake in S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,325 shares of the business services provider’s stock, valued at approximately $1,656,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Eastern Bank grew its position in S&P Global by 3.1% during the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock valued at $24,980,000 after purchasing an additional 1,530 shares in the last quarter. Wealthfront Advisers LLC grew its holdings in shares of S&P Global by 19.1% during the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider’s stock valued at $18,799,000 after acquiring an additional 6,051 shares in the last quarter. Synergy Asset Management LLC increased its stake in shares of S&P Global by 110.8% in the fourth quarter. Synergy Asset Management LLC now owns 23,868 shares of the business services provider’s stock worth $12,066,000 after acquiring an additional 12,547 shares during the last quarter. Miracle Mile Advisors LLC lifted its holdings in shares of S&P Global by 50.0% during the 4th quarter. Miracle Mile Advisors LLC now owns 21,496 shares of the business services provider’s stock valued at $10,705,000 after buying an additional 7,170 shares during the last quarter. Finally, James Hambro & Partners LLP lifted its stake in S&P Global by 0.9% in the fourth quarter. James Hambro & Partners LLP now owns 217,029 shares of the business services provider’s stock valued at $108,173,000 after acquiring an additional 1,899 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

S&P Global stock opened at $507.60 on Friday. The business’s fifty day moving average is $486.42 and its two-hundred day moving average is $501.64. 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 52 week low of $419.49 and a 52 week high of $545.39. The firm has a market cap of $155.68 billion, a P/E ratio of 41.10, a P/E/G ratio of 2.41 and a beta of 1.23.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.23 by $0.14. The firm 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 business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company earned $4.01 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal 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 issued a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $3.84 annualized dividend and a dividend yield of 0.76%. S&P Global’s dividend payout ratio (DPR) is currently 30.16%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. UBS Group upped their target price on S&P Global from $555.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Robert W. Baird decreased their price target on shares of S&P Global from $616.00 to $589.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Stifel Nicolaus cut their price objective on shares of S&P Global from $629.00 to $603.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Evercore ISI lifted their target price on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company upped their price target on S&P Global from $607.00 to $627.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $592.71.

Insider Buying and Selling at S&P Global

In related news, EVP Sally Moore sold 500 shares of the firm’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of the transaction, the executive vice president now owns 5,131 shares of the company’s stock, valued at approximately $2,619,016.33. This trade represents a 8.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

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.