Spear Holdings RSC Ltd Invests $40.09 Million in S&P Global Inc. (NYSE:SPGI)

Spear Holdings RSC Ltd bought a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 78,900 shares of the business services provider's stock, valued at approximately $40,089,000. S&P Global makes up approximately 3.1% of Spear Holdings RSC Ltd's portfolio, making the stock its 9th biggest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of SPGI. Personal CFO Solutions LLC raised its position in S&P Global by 3.1% in the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock valued at $336,000 after purchasing an additional 20 shares during the period. Invenio Wealth Partners LLC grew its stake 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 valued at $286,000 after buying an additional 22 shares in the last quarter. Retirement Planning Group LLC raised its holdings in shares of S&P Global by 0.4% during the 4th quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock valued at $2,870,000 after buying an additional 22 shares during the period. SeaCrest Wealth Management LLC raised its holdings in shares of S&P Global by 2.1% during the 1st quarter. SeaCrest Wealth Management LLC now owns 1,132 shares of the business services provider's stock valued at $575,000 after buying an additional 23 shares during the period. Finally, Gitterman Wealth Management LLC lifted its position in S&P Global by 5.7% during the 4th quarter. Gitterman Wealth Management LLC now owns 483 shares of the business services provider's stock worth $241,000 after acquiring an additional 26 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Up 1.0%

NYSE:SPGI traded up $5.38 during mid-day trading on Friday, reaching $531.02. The stock had a trading volume of 578,304 shares, compared to its average volume of 1,233,475. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $162.86 billion, a price-to-earnings ratio of 41.71, a price-to-earnings-growth ratio of 2.58 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 stock's 50 day simple moving average is $511.33 and its two-hundred day simple moving average is $504.09.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS 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 analyst estimates of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The business's revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm earned $4.01 EPS. Equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

Insider Buying and Selling

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 completion of the sale, the executive vice president owned 5,131 shares in the company, valued at $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SPGI. Argus raised shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Wells Fargo & Company upped their target price on shares of S&P Global from $627.00 to $632.00 and gave the company an "overweight" rating in a research note on Thursday. Stifel Nicolaus dropped their price target on shares of 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. Bank of America began coverage on shares of S&P Global in a research report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their target price on S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, S&P Global has a consensus rating of "Moderate Buy" and an average price target of $593.93.

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.