19,075 Shares in S&P Global Inc. (NYSE:SPGI) Bought by Woodline Partners LP

Woodline Partners LP acquired a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 19,075 shares of the business services provider's stock, valued at approximately $9,500,000.

A number of other institutional investors also recently made changes to their positions in SPGI. Ameritas Advisory Services LLC boosted its position in S&P Global by 96.6% during the 4th quarter. Ameritas Advisory Services LLC now owns 1,056 shares of the business services provider's stock valued at $526,000 after buying an additional 519 shares during the period. Atomi Financial Group Inc. boosted its position in S&P Global by 35.1% during the 4th quarter. Atomi Financial Group Inc. now owns 1,615 shares of the business services provider's stock valued at $804,000 after buying an additional 420 shares during the period. XML Financial LLC boosted its position in S&P Global by 7.7% during the 4th quarter. XML Financial LLC now owns 779 shares of the business services provider's stock valued at $388,000 after buying an additional 56 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of S&P Global by 0.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 84,320 shares of the business services provider's stock worth $41,994,000 after purchasing an additional 459 shares during the period. Finally, Independent Wealth Network Inc. lifted its position in shares of S&P Global by 9.9% in the 4th quarter. Independent Wealth Network Inc. now owns 554 shares of the business services provider's stock worth $276,000 after purchasing an additional 50 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

Insider Buying and Selling at S&P Global

In other news, EVP Sally Moore sold 500 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $510.43, for a total value 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. The trade was a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wells Fargo & Company raised 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. Bank of America began coverage on shares of S&P Global in a research report on Thursday, April 10th. They issued a "buy" rating and a $600.00 target price for the company. JPMorgan Chase & Co. decreased their price target on shares of 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. UBS Group increased their price target on shares of S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, Morgan Stanley increased their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $592.71.

S&P Global Price Performance

NYSE:SPGI traded down $2.86 during trading hours on Wednesday, hitting $512.88. 220,418 shares of the stock traded hands, compared to its average volume of 1,218,108. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 1 year low of $419.49 and a 1 year high of $545.39. The company has a market cap of $157.30 billion, a price-to-earnings ratio of 41.53, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The stock has a 50 day moving average price of $491.60 and a 200 day moving average price of $503.77.

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

S&P Global Announces Dividend

The company also recently declared 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 0.75%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global's dividend payout ratio is currently 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.