Decatur Capital Management Inc. Takes $10.38 Million Position in S&P Global Inc (SPGI)

Decatur Capital Management Inc. bought a new stake in S&P Global Inc (NYSE:SPGI) during the 4th quarter, reports. The firm bought 61,250 shares of the business services provider’s stock, valued at approximately $10,376,000. S&P Global accounts for about 2.1% of Decatur Capital Management Inc.’s portfolio, making the stock its 17th largest holding.

Other hedge funds also recently made changes to their positions in the company. Cerebellum GP LLC purchased a new stake in shares of S&P Global in the fourth quarter valued at approximately $129,000. Americafirst Capital Management LLC purchased a new stake in shares of S&P Global in the third quarter valued at approximately $150,000. San Francisco Sentry Investment Group CA boosted its stake in shares of S&P Global by 828.0% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,160 shares of the business services provider’s stock valued at $181,000 after buying an additional 1,035 shares in the last quarter. W. E. Donoghue & Co. LLC purchased a new stake in shares of S&P Global in the second quarter valued at approximately $200,000. Finally, Country Club Trust Company n.a. purchased a new stake in shares of S&P Global in the fourth quarter valued at approximately $203,000. Institutional investors own 85.37% of the company’s stock.

In other news, CEO Douglas L. Peterson sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $157.79, for a total value of $631,160.00. Following the completion of the transaction, the chief executive officer now directly owns 140,743 shares of the company’s stock, valued at $22,207,837.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

SPGI has been the topic of a number of analyst reports. BMO Capital Markets restated a “buy” rating and issued a $177.00 price target on shares of S&P Global in a research note on Friday, October 13th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $176.00 price objective on shares of S&P Global in a report on Wednesday, October 18th. BidaskClub cut S&P Global from a “strong-buy” rating to a “buy” rating in a report on Friday, October 20th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $177.00 price objective on shares of S&P Global in a report on Thursday, October 26th. Finally, Wells Fargo & Co lifted their price objective on S&P Global from $159.00 to $165.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $182.29.

S&P Global Inc (SPGI) opened at $173.31 on Friday. The stock has a market capitalization of $46,348.45, a price-to-earnings ratio of 29.98, a P/E/G ratio of 1.78 and a beta of 1.52. S&P Global Inc has a 1-year low of $125.02 and a 1-year high of $185.38. The company has a current ratio of 1.35, a quick ratio of 1.52 and a debt-to-equity ratio of 4.13.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.22. S&P Global had a return on equity of 199.44% and a net margin of 24.69%. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the firm posted $1.28 earnings per share. S&P Global’s revenue was up 13.6% on a year-over-year basis. analysts predict that S&P Global Inc will post 8.22 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 26th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.15%. This is a boost from S&P Global’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, February 23rd. S&P Global’s payout ratio is 28.37%.

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About S&P Global

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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