S&P Global Inc. (NYSE:SPGI) is Valley Forge Capital Management LP's 2nd Largest Position

Valley Forge Capital Management LP boosted its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,755,098 shares of the business services provider's stock after purchasing an additional 49,200 shares during the quarter. S&P Global comprises 19.3% of Valley Forge Capital Management LP's portfolio, making the stock its 2nd largest position. Valley Forge Capital Management LP owned about 0.57% of S&P Global worth $874,091,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPGI. Vident Advisory LLC grew its holdings in shares of S&P Global by 12.6% during the 4th quarter. Vident Advisory LLC now owns 6,943 shares of the business services provider's stock worth $3,458,000 after purchasing an additional 778 shares during the period. Vista Cima Wealth Management LLC purchased a new stake in S&P Global during the fourth quarter worth approximately $246,000. WBI Investments LLC grew its stake in S&P Global by 38.2% during the fourth quarter. WBI Investments LLC now owns 3,623 shares of the business services provider's stock worth $1,804,000 after buying an additional 1,001 shares during the period. Westwood Holdings Group Inc. increased its position in shares of S&P Global by 199.2% in the fourth quarter. Westwood Holdings Group Inc. now owns 3,737 shares of the business services provider's stock worth $1,861,000 after acquiring an additional 2,488 shares in the last quarter. Finally, Triglav Skladi D.O.O. acquired a new position in shares of S&P Global during the 4th quarter valued at $981,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Insiders Place Their Bets

In other S&P Global news, EVP Sally Moore sold 500 shares of the company'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 transaction, the executive vice president now owns 5,131 shares of the company's stock, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Evercore ISI lifted their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Robert W. Baird cut their price target 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. UBS Group raised their price objective on S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. BMO Capital Markets raised their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. dropped their target price on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, S&P Global currently has an average rating of "Moderate Buy" and an average target price of $592.71.

S&P Global Trading Up 0.3%

Shares of SPGI stock opened at $523.89 on Tuesday. The firm has a market capitalization of $160.68 billion, a PE ratio of 42.42, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a 1 year low of $419.49 and a 1 year high of $545.39. The stock has a fifty day moving average of $488.84 and a two-hundred day moving average of $502.98.

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 EPS for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the firm earned $4.01 EPS. S&P Global's revenue was up 8.2% on a year-over-year basis. As a group, research analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global's payout ratio is currently 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.

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