Cache Advisors LLC Purchases New Shares in S&P Global Inc. (NYSE:SPGI)

Cache Advisors LLC purchased a new position in S&P Global Inc. (NYSE:SPGI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 789 shares of the business services provider's stock, valued at approximately $393,000.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of S&P Global during the 4th quarter valued at about $1,725,084,000. Raymond James Financial Inc. bought a new stake in shares of S&P Global during the 4th quarter valued at about $527,207,000. Proficio Capital Partners LLC boosted its stake 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 valued at $308,525,000 after purchasing an additional 618,620 shares in the last quarter. Northern Trust Corp boosted its stake in shares of 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 valued at $1,631,568,000 after purchasing an additional 525,347 shares in the last quarter. Finally, BlueSpruce Investments LP bought a new stake in shares of S&P Global during the 4th quarter valued at about $178,858,000. Institutional investors own 87.17% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Bank of America initiated coverage on S&P Global in a report on Thursday, April 10th. They set a "buy" rating and a $600.00 price target for the company. Morgan Stanley raised their price target on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Evercore ISI lifted their target price 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. Mizuho initiated coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price for the company. Finally, Stifel Nicolaus decreased their target price on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $592.71.

S&P Global Stock Performance

Shares of NYSE SPGI traded up $6.65 during trading on Tuesday, hitting $516.67. The company had a trading volume of 875,271 shares, compared to its average volume of 1,221,985. The stock has a 50 day simple moving average of $491.21 and a 200 day simple moving average of $503.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current 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 firm has a market capitalization of $158.46 billion, a P/E ratio of 41.84, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. The business 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 company's revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $4.01 earnings per share. As a group, analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

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 given a $0.96 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global's payout ratio is currently 30.16%.

Insiders Place Their Bets

In related news, EVP Sally Moore sold 500 shares of the company's stock in a transaction 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 owns 5,131 shares in the company, valued at approximately $2,619,016.33. This 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 this hyperlink. Company insiders own 0.10% of the company's stock.

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.