S&P Global Inc. (NYSE:SPGI) Shares Purchased by Obermeyer Wood Investment Counsel Lllp

Obermeyer Wood Investment Counsel Lllp boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 10.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 988 shares of the business services provider’s stock after purchasing an additional 97 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in S&P Global were worth $435,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Xponance Inc. increased its holdings in shares of S&P Global by 4.8% in the 4th quarter. Xponance Inc. now owns 45,340 shares of the business services provider’s stock valued at $19,973,000 after acquiring an additional 2,069 shares during the last quarter. AIA Group Ltd grew its stake in S&P Global by 11.0% during the 4th quarter. AIA Group Ltd now owns 5,040 shares of the business services provider’s stock worth $2,220,000 after buying an additional 499 shares during the last quarter. Oliver Lagore Vanvalin Investment Group grew its stake in S&P Global by 64.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after buying an additional 25 shares during the last quarter. Peterson Wealth Services bought a new position in S&P Global during the 4th quarter worth $254,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in S&P Global by 77.2% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 810 shares of the business services provider’s stock worth $357,000 after buying an additional 353 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Performance

Shares of SPGI stock traded up $1.26 during trading on Thursday, reaching $413.37. The company had a trading volume of 1,154,986 shares, compared to its average volume of 1,310,194. The firm’s 50 day simple moving average is $425.70 and its two-hundred day simple moving average is $415.27. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. S&P Global Inc. has a one year low of $338.92 and a one year high of $461.16. The company has a market capitalization of $132.39 billion, a PE ratio of 49.93, a PEG ratio of 2.31 and a beta of 1.15.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the business posted $2.54 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. Sell-side analysts forecast that S&P Global Inc. will post 14.03 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th were given a dividend of $0.91 per share. The ex-dividend date was Monday, February 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.88%. This is an increase from S&P Global’s previous quarterly dividend of $0.90. S&P Global’s payout ratio is presently 44.23%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SPGI. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a research note on Friday, February 9th. Stifel Nicolaus reduced their price target on S&P Global from $460.00 to $442.00 and set a “buy” rating for the company in a research report on Thursday. Oppenheimer reiterated an “outperform” rating and set a $480.00 price target on shares of S&P Global in a research report on Tuesday, April 2nd. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Finally, BMO Capital Markets boosted their price target on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus target price of $462.00.

Insider Transactions at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the sale, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.