Algert Global LLC Acquires New Position in S&P Global Inc. (NYSE:SPGI)

Algert Global LLC purchased a new position in S&P Global Inc. (NYSE:SPGI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,180 shares of the business services provider's stock, valued at approximately $1,584,000.

A number of other hedge funds have also modified their holdings of SPGI. Parkside Financial Bank & Trust lifted its holdings in shares of S&P Global by 2.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock worth $515,000 after buying an additional 20 shares in the last quarter. Personal CFO Solutions LLC raised its stake in S&P Global by 3.1% during the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock valued at $336,000 after purchasing an additional 20 shares in the last quarter. Anfield Capital Management LLC raised its stake in S&P Global by 25.6% during the fourth quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock valued at $54,000 after purchasing an additional 22 shares in the last quarter. Invenio Wealth Partners LLC raised its stake in S&P Global by 4.0% during the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock valued at $286,000 after purchasing an additional 22 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in S&P Global by 4.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider's stock valued at $265,000 after purchasing an additional 23 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Mizuho assumed coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price target on the stock. Evercore ISI upped their price target on shares of S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. UBS Group upped their price target on shares of S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Morgan Stanley boosted their price objective on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. cut their price objective on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $592.71.

Insiders Place Their Bets

In other S&P Global news, EVP Sally Moore sold 500 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the sale, the executive vice president now directly owns 5,131 shares of the company's stock, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by company insiders.

S&P Global Trading Down 0.5%

Shares of NYSE SPGI traded down $2.48 during mid-day trading on Tuesday, reaching $515.88. The company had a trading volume of 1,215,462 shares, compared to its average volume of 1,222,753. The business's 50-day moving average is $486.15 and its 200-day moving average is $501.79. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a market cap of $158.22 billion, a price-to-earnings ratio of 41.77, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a 52 week low of $419.49 and a 52 week high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (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 company had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. During the same period in the prior year, the business earned $4.01 EPS. The firm's quarterly revenue was up 8.2% on a year-over-year basis. Equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The firm 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 dividend of $0.96 per share. 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 payout ratio is 30.16%.

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.