Fairtree Asset Management Pty Ltd Purchases New Position in S&P Global Inc. (NYSE:SPGI)

Fairtree Asset Management Pty Ltd purchased a new position in S&P Global Inc. (NYSE:SPGI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 780 shares of the business services provider's stock, valued at approximately $388,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust grew its holdings in S&P Global by 2.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock valued at $515,000 after purchasing an additional 20 shares during the last quarter. Personal CFO Solutions LLC boosted its position in shares of S&P Global by 3.1% during the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock valued at $336,000 after buying an additional 20 shares during the period. Anfield Capital Management LLC grew its stake in shares of S&P Global by 25.6% during the fourth quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock valued at $54,000 after buying an additional 22 shares during the last quarter. Invenio Wealth Partners LLC raised its holdings in shares of S&P Global by 4.0% in the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock worth $286,000 after buying an additional 22 shares during the period. Finally, Retirement Planning Group LLC raised its holdings in shares of S&P Global by 0.4% in the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock worth $2,870,000 after buying an additional 22 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

Insiders Place Their Bets

In other news, EVP Sally Moore sold 500 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, the executive vice president now owns 5,131 shares in the company, valued at $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SPGI. Wall Street Zen lowered shares of S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Evercore ISI raised their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Robert W. Baird decreased their price target on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. dropped their price objective on S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Wells Fargo & Company raised their price objective on S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Two investment 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 company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $592.71.

S&P Global Stock Performance

Shares of SPGI traded down $1.42 during trading hours on Friday, reaching $512.68. 2,142,178 shares of the company traded hands, compared to its average volume of 1,221,536. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average price of $492.04 and a 200-day moving average price of $503.88. S&P Global Inc. has a 12-month low of $424.82 and a 12-month high of $545.39. The stock has a market capitalization of $157.24 billion, a P/E ratio of 41.51, a P/E/G 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, beating 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 for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the business earned $4.01 EPS. The company's quarterly revenue was up 8.2% compared to the same quarter last year. Equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm 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 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 dividend payout ratio is presently 30.16%.

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.