S&P Global Inc. (NYSE:SPGI) Shares Purchased by Xponance Inc.

Xponance Inc. raised its holdings in S&P Global Inc. (NYSE:SPGI) by 4.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 45,340 shares of the business services provider’s stock after buying an additional 2,069 shares during the quarter. Xponance Inc.’s holdings in S&P Global were worth $19,973,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. D.B. Root & Company LLC lifted its position in S&P Global by 3.6% during the 4th quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock worth $292,000 after acquiring an additional 23 shares in the last quarter. Mayflower Financial Advisors LLC grew its stake in S&P Global by 3.3% during the 4th quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock worth $315,000 after buying an additional 23 shares during the last quarter. Allworth Financial LP grew its stake in S&P Global by 1.8% during the 4th quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock worth $598,000 after buying an additional 24 shares during the last quarter. Oakworth Capital Inc. grew its stake in S&P Global by 31.2% during the 4th quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock worth $44,000 after buying an additional 24 shares during the last quarter. Finally, Independence Bank of Kentucky grew its stake in S&P Global by 1.7% during the 4th quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock worth $655,000 after buying an additional 25 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

Several research analysts recently weighed in on SPGI shares. Stifel Nicolaus decreased their target price on S&P Global from $460.00 to $442.00 and set a “buy” rating for the company in a research note on Thursday. Raymond James raised their price objective on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. BMO Capital Markets boosted their price target on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of S&P Global in a research report on Friday, February 9th. Finally, Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and an average target price of $462.00.

S&P Global Stock Up 0.3 %

Shares of NYSE SPGI traded up $1.26 on Thursday, reaching $413.37. 1,059,050 shares of the company’s stock traded hands, compared to its average volume of 1,308,914. S&P Global Inc. has a 12 month low of $338.92 and a 12 month high of $461.16. The company has a market cap of $132.39 billion, a price-to-earnings ratio of 49.93, a price-to-earnings-growth ratio of 2.31 and a beta of 1.15. The business’s 50 day simple moving average is $425.70 and its two-hundred day simple moving average is $415.27. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.02). The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.54 EPS. As a group, equities research analysts forecast that S&P Global Inc. will post 14.03 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th were issued a $0.91 dividend. 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 a boost from S&P Global’s previous quarterly dividend of $0.90. S&P Global’s dividend payout ratio (DPR) is currently 44.23%.

S&P Global Company 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.