Fortem Financial Group LLC Acquires Shares of 652 S&P Global Inc. (NYSE:SPGI)

Fortem Financial Group LLC acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 652 shares of the business services provider's stock, valued at approximately $331,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Minot DeBlois Advisors LLC bought a new position in shares of S&P Global during the 4th quarter valued at approximately $25,000. Anderson Financial Strategies LLC purchased a new position in shares of S&P Global during the fourth quarter valued at $27,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of S&P Global during the first quarter valued at $28,000. Hazlett Burt & Watson Inc. increased its stake in shares of S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after buying an additional 38 shares during the period. Finally, Alpine Bank Wealth Management purchased a new position in shares of S&P Global during the first quarter valued at $33,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at S&P Global

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

S&P Global Stock Performance

Shares of SPGI stock opened at $527.05 on Friday. The stock has a fifty day moving average price of $515.64 and a 200 day moving average price of $505.48. The stock has a market cap of $161.65 billion, a PE ratio of 41.40, a P/E/G ratio of 2.56 and a beta of 1.19. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90.

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, topping the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. S&P Global's revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $4.01 earnings per share. Sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio is currently 30.16%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Robert W. Baird cut their target price on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Morgan Stanley lifted their target price on S&P Global from $587.00 to $595.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. JPMorgan Chase & Co. cut their target price 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. Stifel Nicolaus dropped their price target on S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company boosted their price target on S&P Global from $627.00 to $632.00 and gave the stock an "overweight" rating in a research note on Thursday, July 3rd. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $596.79.

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.

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