Aurdan Capital Management LLC Acquires New Shares in S&P Global Inc. (NYSE:SPGI)

Aurdan Capital Management LLC bought a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 549 shares of the business services provider's stock, valued at approximately $273,000.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in S&P Global during the fourth quarter worth $1,725,084,000. Raymond James Financial Inc. acquired a new stake in S&P Global in the 4th quarter worth $527,207,000. Proficio Capital Partners LLC increased its holdings in shares of S&P Global by 71,024.1% during the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock worth $308,525,000 after purchasing an additional 618,620 shares during the period. Northern Trust Corp raised its position in shares of S&P Global by 19.1% during the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock valued at $1,631,568,000 after buying an additional 525,347 shares during the last quarter. Finally, BlueSpruce Investments LP bought a new stake in shares of S&P Global in the fourth quarter valued at about $178,858,000. 87.17% of the stock is currently owned by institutional investors.

Insider Activity

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 value of $255,215.00. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

S&P Global Price Performance

SPGI stock traded up $2.36 during midday trading on Thursday, reaching $513.84. 650,017 shares of the company's stock traded hands, compared to its average volume of 1,218,426. The company has a 50-day simple moving average of $491.87 and a two-hundred day simple moving average of $503.82. 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 $157.59 billion, a price-to-earnings ratio of 41.61, a PEG ratio of 2.41 and a beta of 1.23.

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

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. S&P Global's payout ratio is 30.16%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SPGI. Stifel Nicolaus lowered their price target on S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. BMO Capital Markets increased their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Bank of America began coverage on shares of S&P Global in a report on Thursday, April 10th. They set a "buy" rating and a $600.00 price objective for the company. Morgan Stanley upped their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company raised their price target on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus 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.