21,554 Shares in S&P Global Inc. (NYSE:SPGI) Acquired by Triavera Capital LLC

Triavera Capital LLC acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 21,554 shares of the business services provider's stock, valued at approximately $10,735,000. S&P Global makes up about 5.8% of Triavera Capital LLC's holdings, making the stock its 5th largest holding.

A number of other large investors have also bought and sold shares of the stock. Brookstone Capital Management purchased a new position in shares of S&P Global during the fourth quarter valued at approximately $272,000. Goldstone Financial Group LLC boosted its position in shares of S&P Global by 10.0% during the fourth quarter. Goldstone Financial Group LLC now owns 561 shares of the business services provider's stock valued at $279,000 after purchasing an additional 51 shares in the last quarter. Procyon Advisors LLC boosted its position in shares of S&P Global by 8.2% during the fourth quarter. Procyon Advisors LLC now owns 3,166 shares of the business services provider's stock valued at $1,577,000 after purchasing an additional 241 shares in the last quarter. Chemistry Wealth Management LLC boosted its position in shares of S&P Global by 4.1% during the fourth quarter. Chemistry Wealth Management LLC now owns 4,766 shares of the business services provider's stock valued at $2,374,000 after purchasing an additional 186 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its position in shares of S&P Global by 4.5% during 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 purchasing an additional 23 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SPGI has been the topic of several research reports. StockNews.com lowered S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. dropped their price target on S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Morgan Stanley boosted their target price on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. BMO Capital Markets boosted their target price on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Finally, Evercore ISI boosted their target price on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a report 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 given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $592.71.

Insider Activity

In other news, EVP Sally Moore sold 500 shares of the firm'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 sale, the executive vice president now directly owns 5,131 shares of the company's stock, valued at $2,619,016.33. This trade represents a 8.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.10% of the company's stock.

S&P Global Stock Performance

S&P Global stock traded down $12.87 during mid-day trading on Wednesday, reaching $510.07. 1,501,415 shares of the stock traded hands, compared to its average volume of 1,220,615. The stock has a market capitalization of $156.44 billion, a PE ratio of 41.30, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. 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 Inc. has a 12-month low of $419.49 and a 12-month high of $545.39. The business's 50-day moving average is $489.70 and its 200-day moving average is $503.11.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same quarter last year, the business posted $4.01 earnings per share. The firm's revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts predict 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. Investors of record on Wednesday, May 28th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global's payout ratio is presently 30.16%.

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.