Tema Etfs LLC Purchases Shares of 1,907 S&P Global Inc. (NYSE:SPGI)

Tema Etfs LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,907 shares of the business services provider’s stock, valued at approximately $950,000.

Other large investors have also added to or reduced their stakes in the company. Minot DeBlois Advisors LLC purchased a new stake in shares of S&P Global in the fourth quarter worth about $25,000. Anderson Financial Strategies LLC acquired a new stake in S&P Global in the 4th quarter worth about $27,000. Human Investing LLC purchased a new stake in shares of S&P Global during the fourth quarter worth approximately $30,000. Noble Wealth Management PBC purchased a new stake in shares of S&P Global during the fourth quarter worth $31,000. Finally, Hazlett Burt & Watson Inc. raised its holdings 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 acquiring an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the topic of several analyst reports. Morgan Stanley lifted their price target on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Bank of America began coverage on S&P Global in a research note on Thursday, April 10th. They issued a “buy” rating and a $600.00 price objective for the company. Stifel Nicolaus cut their target price on shares of S&P Global from $629.00 to $603.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. 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. Finally, StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and an average target price of $592.71.

Insider Buying and Selling at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, the executive vice president now owns 5,131 shares of the company’s stock, valued at approximately $2,619,016.33. This 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 the SEC website. 0.10% of the stock is owned by corporate insiders.

S&P Global Stock Up 0.6%

SPGI stock opened at $522.36 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $160.21 billion, a price-to-earnings ratio of 42.30, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a 12 month low of $419.49 and a 12 month high of $545.39. The company has a fifty day moving average price of $487.94 and a 200 day moving average price of $502.54.

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. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The business had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the prior year, the business earned $4.01 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. Sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders 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 0.74%. 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 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.