Capital A Wealth Management LLC Takes $550,000 Position in S&P Global Inc. (NYSE:SPGI)

Capital A Wealth Management LLC bought a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,105 shares of the business services provider's stock, valued at approximately $550,000. S&P Global comprises 0.9% of Capital A Wealth Management LLC's holdings, making the stock its 26th biggest position.

A number of other hedge funds have also made changes to their positions in the stock. Windmill Hill Asset Management Ltd boosted its holdings in shares of S&P Global by 1.4% in the 4th quarter. Windmill Hill Asset Management Ltd now owns 6,806 shares of the business services provider's stock valued at $3,390,000 after buying an additional 95 shares during the period. Shufro Rose & Co. LLC boosted its holdings in shares of S&P Global by 7.3% during the fourth quarter. Shufro Rose & Co. LLC now owns 780 shares of the business services provider's stock valued at $388,000 after acquiring an additional 53 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in shares of S&P Global in the 4th quarter worth about $23,407,000. Cypress Asset Management Inc. TX bought a new position in S&P Global in the 4th quarter worth about $2,599,000. Finally, Sunbeam Capital Management LLC acquired a new stake in shares of S&P Global in the fourth quarter valued at approximately $293,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Insider Activity at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the business'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 sale, the executive vice president now directly owns 5,131 shares of the company's stock, valued at $2,619,016.33. The trade was a 8.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by insiders.

S&P Global Price Performance

Shares of SPGI traded down $1.42 during trading hours on Friday, hitting $512.68. 2,142,160 shares of the company were exchanged, compared to its average volume of 1,223,788. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $157.24 billion, a PE ratio of 41.51, a PEG ratio of 2.41 and a beta of 1.23. The firm has a fifty day simple moving average of $492.07 and a 200-day simple moving average of $503.86. S&P Global Inc. has a one year low of $419.49 and a one year high of $545.39.

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 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 analyst estimates of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. S&P Global's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the company posted $4.01 EPS. As a group, sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently declared 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. The ex-dividend date 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 dividend payout ratio is currently 30.16%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Robert W. Baird lowered their target price on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. reduced their price objective on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Wall Street Zen cut shares of S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Stifel Nicolaus reduced their price target on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Finally, Morgan Stanley raised their price objective 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. Two 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 stock. According to data from MarketBeat, the stock presently 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.