Lionshead Wealth Management LLC Makes New $228,000 Investment in S&P Global Inc. (NYSE:SPGI)

Lionshead Wealth Management LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 458 shares of the business services provider’s stock, valued at approximately $228,000.

A number of other large investors also recently bought and sold shares of SPGI. Interval Partners LP lifted its holdings in shares of S&P Global by 46.2% in the 4th quarter. Interval Partners LP now owns 23,550 shares of the business services provider’s stock valued at $11,729,000 after buying an additional 7,445 shares during the period. Investment Management Corp of Ontario raised its position in S&P Global by 37.1% in the fourth quarter. Investment Management Corp of Ontario now owns 14,620 shares of the business services provider’s stock worth $7,281,000 after acquiring an additional 3,956 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of S&P Global by 19.1% during the 4th quarter. Janus Henderson Group PLC now owns 344,856 shares of the business services provider’s stock worth $171,936,000 after purchasing an additional 55,376 shares during the period. Guardian Wealth Advisors LLC NC acquired a new position in shares of S&P Global during the 4th quarter worth $206,000. Finally, Geller Advisors LLC grew its stake in shares of S&P Global by 2.5% during the 4th quarter. Geller Advisors LLC now owns 1,691 shares of the business services provider’s stock worth $842,000 after purchasing an additional 42 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 0.0%

Shares of SPGI stock opened at $507.44 on Monday. The firm has a 50-day moving average price of $486.24 and a 200 day moving average price of $501.59. S&P Global Inc. has a twelve month low of $419.49 and a twelve month high of $545.39. The company has a market capitalization of $155.63 billion, a price-to-earnings ratio of 41.09, a PEG ratio of 2.41 and a beta of 1.23. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the firm posted $4.01 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. Research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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 paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global’s dividend payout ratio is presently 30.16%.

Insiders Place Their Bets

In other S&P Global news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of the sale, the executive vice president now owns 5,131 shares in the company, valued at $2,619,016.33. The trade was a 8.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SPGI. BMO Capital Markets raised their price objective on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Stifel Nicolaus lowered their target price on S&P Global from $629.00 to $603.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Robert W. Baird decreased their price objective 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. Evercore ISI boosted their price objective on shares of 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, JPMorgan Chase & Co. reduced their price target on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $592.71.

About S&P Global

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.