Westwood Holdings Group Inc. Purchases 2,488 Shares of S&P Global Inc. (NYSE:SPGI)

Westwood Holdings Group Inc. grew its position in shares of S&P Global Inc. (NYSE:SPGI) by 199.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,737 shares of the business services provider’s stock after buying an additional 2,488 shares during the quarter. Westwood Holdings Group Inc.’s holdings in S&P Global were worth $1,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parkside Financial Bank & Trust raised its holdings in S&P Global by 2.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock worth $515,000 after purchasing an additional 20 shares during the period. Personal CFO Solutions LLC raised its holdings in S&P Global by 3.1% in the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider’s stock worth $336,000 after purchasing an additional 20 shares during the period. Anfield Capital Management LLC raised its holdings in S&P Global by 25.6% in the 4th quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider’s stock worth $54,000 after purchasing an additional 22 shares during the period. Invenio Wealth Partners LLC raised its holdings in S&P Global by 4.0% in the 4th quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider’s stock worth $286,000 after purchasing an additional 22 shares during the period. Finally, Wedge Capital Management L L P NC raised its holdings in S&P Global by 4.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider’s stock worth $265,000 after purchasing an additional 23 shares during the period. 87.17% of the stock is owned by institutional investors.

Insider Transactions at S&P Global

In other 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 sale, the executive vice president now directly owns 5,131 shares of the company’s stock, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

S&P Global Trading Down 0.4%

Shares of SPGI stock opened at $522.07 on Wednesday. S&P Global Inc. has a 52-week low of $419.49 and a 52-week high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $160.12 billion, a PE ratio of 42.27, a PEG ratio of 2.41 and a beta of 1.23. The stock has a fifty day simple moving average of $489.70 and a two-hundred day simple moving average of $503.11.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (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 firm had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the previous year, the firm posted $4.01 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. On average, analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders 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 0.74%. S&P Global’s dividend payout ratio (DPR) is 30.16%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SPGI shares. Stifel Nicolaus decreased 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. Mizuho started coverage on S&P Global in a report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 target price on the stock. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. decreased their target price on S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Finally, Wells Fargo & Company raised their target price on S&P Global from $607.00 to $627.00 and gave the stock 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $592.71.

S&P Global 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.