7,500 Shares in S&P Global Inc. (NYSE:SPGI) Acquired by Value Partners Investments Inc.

Value Partners Investments Inc. purchased a new position in S&P Global Inc. (NYSE:SPGI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,500 shares of the business services provider’s stock, valued at approximately $3,815,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after purchasing an additional 143 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its stake in S&P Global by 3.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider’s stock valued at $37,093,000 after purchasing an additional 2,413 shares during the last quarter. Sigma Planning Corp boosted its stake in S&P Global by 12.6% during the 4th quarter. Sigma Planning Corp now owns 1,428 shares of the business services provider’s stock valued at $711,000 after purchasing an additional 160 shares during the last quarter. Wealthspire Advisors LLC boosted its stake in S&P Global by 17.8% during the 4th quarter. Wealthspire Advisors LLC now owns 768 shares of the business services provider’s stock valued at $383,000 after purchasing an additional 116 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in S&P Global by 4.5% during the 4th quarter. IFP Advisors Inc now owns 5,370 shares of the business services provider’s stock valued at $2,675,000 after purchasing an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of S&P Global stock opened at $521.29 on Thursday. S&P Global Inc. has a one year low of $427.14 and a one year high of $545.39. The stock’s fifty day moving average is $504.21 and its 200 day moving average is $503.51. The stock has a market cap of $159.88 billion, a P/E ratio of 40.95, a P/E/G ratio of 2.55 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90.

S&P Global (NYSE:SPGI) last announced its 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 return on equity of 14.68% and a net margin of 27.27%. The company had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period last year, the firm earned $4.01 EPS. S&P Global’s revenue for the quarter was up 8.2% compared to the same quarter last year. Sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. S&P Global’s dividend payout ratio is presently 30.16%.

Analysts Set New Price Targets

Several analysts have commented on SPGI shares. Bank of America started coverage on S&P Global in a research note on Thursday, April 10th. They set a “buy” rating and a $600.00 target price on the stock. UBS Group increased their target price on S&P Global from $555.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Argus upgraded S&P Global to a “strong-buy” rating in a research note on Friday, May 16th. Stifel Nicolaus cut their target price on 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. Finally, JPMorgan Chase & Co. cut their target price on S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus 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 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 sale, the executive vice president now directly owns 5,131 shares of the company’s stock, valued at $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

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.