S&P Global Inc. (NYSE:SPGI) Shares Acquired by Ethic Inc.

Ethic Inc. boosted its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,289 shares of the business services provider's stock after purchasing an additional 5,258 shares during the period. S&P Global comprises about 0.5% of Ethic Inc.'s holdings, making the stock its 24th largest holding. Ethic Inc.'s holdings in S&P Global were worth $24,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in S&P Global by 4.4% in the third quarter. Principal Financial Group Inc. now owns 365,737 shares of the business services provider's stock valued at $188,948,000 after buying an additional 15,456 shares during the period. ORG Partners LLC boosted its holdings in S&P Global by 26.5% during the fourth quarter. ORG Partners LLC now owns 844 shares of the business services provider's stock worth $421,000 after purchasing an additional 177 shares during the last quarter. ORG Wealth Partners LLC boosted its holdings in S&P Global by 127.5% during the fourth quarter. ORG Wealth Partners LLC now owns 1,017 shares of the business services provider's stock worth $507,000 after purchasing an additional 570 shares during the last quarter. LVM Capital Management Ltd. MI grew its position in shares of S&P Global by 10.8% during the 4th quarter. LVM Capital Management Ltd. MI now owns 707 shares of the business services provider's stock valued at $352,000 after acquiring an additional 69 shares during the period. Finally, HBW Advisory Services LLC bought a new position in shares of S&P Global during the 4th quarter valued at approximately $236,000. Institutional investors own 87.17% of the company's stock.

Insider Buying and Selling

In other S&P Global 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 completion of the transaction, the executive vice president now directly 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by insiders.

S&P Global Stock Down 0.0%

S&P Global stock traded down $0.17 during trading hours on Friday, hitting $507.44. The stock had a trading volume of 941,827 shares, compared to its average volume of 1,223,689. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $155.63 billion, a P/E ratio of 41.09, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a 12-month low of $419.49 and a 12-month high of $545.39. The stock's 50-day moving average price is $486.24 and its 200-day moving average price is $501.59.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The business's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $4.01 earnings per share. Equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal 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. This represents a $3.84 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Wednesday, May 28th. S&P Global's dividend payout ratio is currently 30.16%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several research reports. Stifel Nicolaus lowered their price target on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Morgan Stanley raised 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. Wells Fargo & Company lifted their target price 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. Evercore ISI raised their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Finally, UBS Group lifted 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 note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $592.71.

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.