Tounjian Advisory Partners LLC Makes New $3.67 Million Investment in S&P Global Inc. (NYSE:SPGI)

Tounjian Advisory Partners LLC purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the first quarter, HoldingsChannel reports. The institutional investor purchased 7,216 shares of the business services provider’s stock, valued at approximately $3,666,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SPGI. Norges Bank purchased a new position in shares of S&P Global during the fourth quarter worth approximately $1,725,084,000. GAMMA Investing LLC grew its holdings in shares of S&P Global by 60,982.3% during the 1st quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider’s stock valued at $1,086,877,000 after purchasing an additional 2,135,599 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of S&P Global during the fourth quarter valued at about $527,207,000. Proficio Capital Partners LLC grew its stake in shares of S&P Global by 71,024.1% during the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock valued at $308,525,000 after buying an additional 618,620 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of S&P Global by 19.1% in the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider’s stock valued at $1,631,568,000 after acquiring an additional 525,347 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.7%

Shares of NYSE:SPGI opened at $519.58 on Monday. 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 $425.49 and a 52-week high of $545.39. The firm has a market capitalization of $159.36 billion, a P/E ratio of 42.07, a P/E/G ratio of 2.41 and a beta of 1.20. The stock has a 50 day moving average price of $492.79 and a 200-day moving average price of $504.20.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data 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 net margin of 27.12% and a return on equity of 14.33%. The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the firm posted $4.01 earnings per share. S&P Global’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced 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. This represents a $3.84 annualized dividend and a 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%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Wall Street Zen cut S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Morgan Stanley lifted their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. BMO Capital Markets increased their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Wells Fargo & Company boosted their price objective on shares of 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, Mizuho began coverage on shares of S&P Global in a report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price for the company. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $592.71.

Insider Transactions at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of S&P Global 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company’s stock.

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.