Captrust Financial Advisors Has $11.17 Million Position in S&P Global Inc. (NYSE:SPGI)

Captrust Financial Advisors lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,431 shares of the business services provider's stock after purchasing an additional 657 shares during the quarter. Captrust Financial Advisors' holdings in S&P Global were worth $11,171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Parkside Financial Bank & Trust increased its stake 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 valued at $515,000 after purchasing an additional 20 shares during the period. Personal CFO Solutions LLC lifted its holdings in S&P Global by 3.1% in the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock worth $336,000 after purchasing an additional 20 shares during the period. Anfield Capital Management LLC increased its stake in S&P Global by 25.6% during the 4th quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock valued at $54,000 after buying an additional 22 shares during the period. Invenio Wealth Partners LLC lifted its stake in shares of S&P Global by 4.0% in the 4th quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock worth $286,000 after acquiring an additional 22 shares during the period. Finally, Wedge Capital Management L L P NC boosted its holdings in shares of S&P Global by 4.5% in 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 acquiring an additional 23 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SPGI shares. Stifel Nicolaus cut their target price on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their target price on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Wells Fargo & Company boosted their price target on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. StockNews.com lowered shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, UBS Group boosted their target price on shares of S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, S&P Global presently has an average rating of "Moderate Buy" and a consensus target price of $592.71.

S&P Global Stock Down 0.0 %

NYSE:SPGI traded down $0.17 during trading hours on Friday, hitting $507.44. 941,827 shares of the company's stock traded hands, compared to its average volume of 1,223,689. S&P Global Inc. has a twelve month low of $419.49 and a twelve month high of $545.39. The firm has a market cap of $155.63 billion, a P/E ratio of 41.09, a P/E/G ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock's fifty day moving average price is $486.24 and its two-hundred day moving average price is $501.53.

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

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Wednesday, May 28th. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

Insider Activity at S&P Global

In related news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president now owns 5,131 shares of the company's stock, valued at approximately $2,619,016.33. This trade represents a 8.88 % decrease in their ownership of the stock. The sale 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.

About S&P Global

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.