Triglav Skladi D.O.O. Purchases Shares of 1,970 S&P Global Inc. (NYSE:SPGI)

Triglav Skladi D.O.O. bought a new position in S&P Global Inc. (NYSE:SPGI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,970 shares of the business services provider's stock, valued at approximately $981,000.

Several other large investors have also made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of S&P Global by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock worth $3,273,264,000 after purchasing an additional 116,208 shares during the last quarter. Norges Bank acquired a new position in S&P Global during the 4th quarter worth about $1,725,084,000. Northern Trust Corp lifted its position in S&P Global by 19.1% during the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after buying an additional 525,347 shares in the last quarter. Amundi lifted its position in S&P Global by 6.6% during the 4th quarter. Amundi now owns 2,345,377 shares of the business services provider's stock worth $1,162,979,000 after buying an additional 145,434 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in S&P Global by 11.4% during the 4th quarter. Nuveen Asset Management LLC now owns 2,184,312 shares of the business services provider's stock worth $1,087,853,000 after buying an additional 224,294 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Up 0.2%

Shares of SPGI traded up $1.19 during mid-day trading on Thursday, hitting $511.46. 899,833 shares of the company's stock were exchanged, compared to its average volume of 1,220,525. The company has a market cap of $156.86 billion, a PE ratio of 41.41, a P/E/G 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. The company has a 50-day simple moving average of $490.16 and a 200 day simple moving average of $503.16. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

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, topping the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the business earned $4.01 EPS. On average, research analysts forecast that S&P Global Inc. will post 17.11 earnings per share 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 issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Wednesday, May 28th. S&P Global's dividend payout ratio is currently 30.16%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. UBS Group upped 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. BMO Capital Markets upped their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Wells Fargo & Company upped their target price on shares of S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Finally, Evercore ISI upped their price target on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $592.71.

Insider Transactions at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction dated Monday, May 5th. The stock was 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 in the company, valued at $2,619,016.33. The trade was 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 link. 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.