Crestline Management LP Buys Shares of 17,635 S&P Global Inc. (NYSE:SPGI)

Crestline Management LP acquired a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 17,635 shares of the business services provider's stock, valued at approximately $8,783,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB increased its stake in shares of S&P Global by 52.0% in the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider's stock valued at $328,632,000 after buying an additional 225,370 shares during the period. Eastern Bank increased its position in S&P Global by 3.1% during the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider's stock valued at $24,980,000 after purchasing an additional 1,530 shares during the period. Wealthfront Advisers LLC increased its position in S&P Global by 19.1% during the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock valued at $18,799,000 after purchasing an additional 6,051 shares during the period. Synergy Asset Management LLC raised its holdings in S&P Global by 110.8% during the 4th quarter. Synergy Asset Management LLC now owns 23,868 shares of the business services provider's stock worth $12,066,000 after purchasing an additional 12,547 shares during the last quarter. Finally, Miracle Mile Advisors LLC lifted its position in shares of S&P Global by 50.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 21,496 shares of the business services provider's stock worth $10,705,000 after purchasing an additional 7,170 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Stock Down 0.0 %

Shares of SPGI traded down $0.17 on Friday, reaching $507.44. The company's stock had a trading volume of 941,827 shares, compared to its average volume of 1,222,230. The stock has a market capitalization of $155.63 billion, a PE ratio of 41.09, a PEG ratio of 2.41 and a beta of 1.23. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a twelve month low of $419.49 and a twelve month high of $545.39. The firm has a fifty day moving average of $486.24 and a 200-day moving average of $501.60.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter last year, the company earned $4.01 earnings per share. The company's revenue for the quarter was up 8.2% on a year-over-year basis. Equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The company also recently announced 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. The ex-dividend date is Wednesday, May 28th. This represents a $3.84 annualized dividend and a dividend yield of 0.76%. S&P Global's payout ratio is 30.16%.

Insider Transactions at S&P Global

In other news, EVP Sally Moore sold 500 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of the transaction, the executive vice president now directly owns 5,131 shares of the company's stock, valued at $2,619,016.33. This represents a 8.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SPGI shares. Evercore ISI lifted their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Mizuho initiated coverage on S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective for the company. Wells Fargo & Company raised their target price on S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Bank of America assumed coverage on S&P Global in a report on Thursday, April 10th. They set a "buy" rating and a $600.00 price target on the stock. Finally, UBS Group boosted their target price on shares of S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $592.71.

S&P Global Company 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.