Gateway Investment Advisers LLC Increases Holdings in S&P Global Inc. (NYSE:SPGI)

Gateway Investment Advisers LLC grew its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,996 shares of the business services provider’s stock after purchasing an additional 48 shares during the quarter. Gateway Investment Advisers LLC’s holdings in S&P Global were worth $11,176,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SPGI. Stokes Capital Advisors LLC bought a new position in shares of S&P Global during the 1st quarter worth $615,000. Blue Zone Wealth Advisors LLC grew its stake in shares of S&P Global by 9.0% during the 1st quarter. Blue Zone Wealth Advisors LLC now owns 12,265 shares of the business services provider’s stock worth $6,232,000 after acquiring an additional 1,012 shares during the period. Radnor Capital Management LLC grew its stake in shares of S&P Global by 2.8% during the 1st quarter. Radnor Capital Management LLC now owns 1,868 shares of the business services provider’s stock worth $949,000 after acquiring an additional 50 shares during the period. Impact Capital Partners LLC grew its stake in shares of S&P Global by 5.1% during the 1st quarter. Impact Capital Partners LLC now owns 677 shares of the business services provider’s stock worth $344,000 after acquiring an additional 33 shares during the period. Finally, Snider Financial Group grew its stake in shares of S&P Global by 3.1% during the 1st quarter. Snider Financial Group now owns 5,461 shares of the business services provider’s stock worth $2,775,000 after acquiring an additional 163 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several research reports. Robert W. Baird cut their price target on S&P Global from $616.00 to $589.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Morgan Stanley increased their price target on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Wells Fargo & Company increased their price target on S&P Global from $607.00 to $627.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 30th. UBS Group increased their price target on S&P Global from $555.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Finally, Bank of America started coverage on S&P Global in a report on Thursday, April 10th. They set a “buy” rating and a $600.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $592.71.

S&P Global Stock Performance

Shares of SPGI opened at $519.58 on Friday. The company has a market cap of $159.36 billion, a PE ratio of 42.07, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average price of $492.79 and a 200-day moving average price of $504.25. S&P Global Inc. has a 12-month low of $425.49 and a 12-month high of $545.39.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.23 by $0.14. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the company posted $4.01 EPS. As a group, equities 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. Stockholders of record on Wednesday, May 28th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global’s dividend payout ratio (DPR) is presently 30.16%.

Insider Activity at S&P Global

In related news, EVP Sally Moore sold 500 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president now directly 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by insiders.

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.