1,628 Shares in S&P Global Inc. (NYSE:SPGI) Bought by Fiduciary Family Office LLC

Key Points

• Fiduciary Family Office LLC invested $827,000 in S&P Global Inc., acquiring 1,628 shares in the first quarter.
• S&P Global reported $4.43 earnings per share for the last quarter, beating estimates, and had quarterly revenue of $3.76 billion.
• The firm declared a quarterly dividend of $0.96 per share, resulting in an annualized dividend of $3.84 with a yield of 0.7%.

Fiduciary Family Office LLC purchased a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,628 shares of the business services provider's stock, valued at approximately $827,000.

Other large investors have also recently made changes to their positions in the company. Graham Capital Management L.P. bought a new stake in shares of S&P Global in the 4th quarter valued at about $14,040,000. GAMMA Investing LLC raised its stake in shares of S&P Global by 20.2% during the 1st quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock worth $2,139,000 after acquiring an additional 708 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of S&P Global by 1.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock worth $44,102,000 after acquiring an additional 1,166 shares in the last quarter. Alaethes Wealth LLC bought a new position in shares of S&P Global during the 4th quarter worth approximately $2,029,000. Finally, Linden Thomas Advisory Services LLC raised its stake in shares of S&P Global by 5.2% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 10,850 shares of the business services provider's stock worth $5,513,000 after acquiring an additional 536 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price objective on shares of S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Robert W. Baird reduced their price objective 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. upped their price target on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. UBS Group raised their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Finally, Oppenheimer raised their price target on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $611.69.

S&P Global Stock Performance

Shares of SPGI stock traded down $2.14 during trading hours on Friday, hitting $556.99. The company's stock had a trading volume of 820,714 shares, compared to its average volume of 1,181,506. The company has a 50 day moving average of $525.43 and a 200 day moving average of $511.04. The stock has a market cap of $170.05 billion, a PE ratio of 42.85, a price-to-earnings-growth ratio of 2.98 and a beta of 1.19. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $566.42.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, beating the consensus estimate of $4.18 by $0.25. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $4.04 EPS. On average, sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.7%. S&P Global's dividend payout ratio is 29.54%.

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.