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

Cache Advisors LLC acquired 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 & Exchange Commission. The firm acquired 789 shares of the business services provider's stock, valued at approximately $393,000.

Several other institutional investors have also recently made changes to their positions in SPGI. Minot DeBlois Advisors LLC bought a new stake in S&P Global during the 4th quarter valued at approximately $25,000. Anderson Financial Strategies LLC bought a new stake in S&P Global during the 4th quarter valued at approximately $27,000. Human Investing LLC bought a new stake in S&P Global during the 4th quarter valued at approximately $30,000. Noble Wealth Management PBC bought a new stake in S&P Global during the 4th quarter valued at approximately $31,000. Finally, Hazlett Burt & Watson Inc. raised its stake in S&P Global by 131.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after purchasing an additional 38 shares during the period. Institutional investors own 87.17% of the company's stock.

Insider Transactions 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 stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of the transaction, the executive vice president now directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

SPGI has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Wells Fargo & Company lifted their target price on S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Mizuho began coverage on S&P Global in a research note on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price on the stock. Bank of America began 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. Finally, JPMorgan Chase & Co. cut their price target on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Two investment 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $592.71.

S&P Global Stock Up 0.3%

Shares of SPGI stock traded up $1.61 during mid-day trading on Thursday, hitting $513.09. The stock had a trading volume of 236,220 shares, compared to its average volume of 1,216,843. 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 $157.36 billion, a P/E ratio of 41.57, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The firm's 50-day moving average is $491.87 and its two-hundred day moving average is $503.82. 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 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. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The business had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same period in the prior year, the business earned $4.01 EPS. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. On average, analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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

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.