2,396 Shares in S&P Global Inc. (NYSE:SPGI) Acquired by Strategic Global Advisors LLC

Strategic Global Advisors LLC acquired a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,396 shares of the business services provider's stock, valued at approximately $1,193,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC lifted its position in shares of S&P Global by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock valued at $3,273,264,000 after acquiring an additional 116,208 shares in the last quarter. Norges Bank purchased a new position in S&P Global during the fourth quarter worth about $1,725,084,000. Northern Trust Corp lifted its position in S&P Global by 19.1% during the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after buying an additional 525,347 shares during the period. Amundi lifted its position in S&P Global by 6.6% during the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider's stock worth $1,162,979,000 after buying an additional 145,434 shares during the period. Finally, Nuveen Asset Management LLC lifted its position in S&P Global by 11.4% during the fourth quarter. Nuveen Asset Management LLC now owns 2,184,312 shares of the business services provider's stock worth $1,087,853,000 after buying an additional 224,294 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Down 2.5%

Shares of SPGI stock traded down $12.87 during trading hours on Wednesday, reaching $510.07. The company had a trading volume of 1,501,415 shares, compared to its average volume of 1,220,615. 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 twelve month low of $419.49 and a twelve month high of $545.39. The company has a market capitalization of $156.44 billion, a P/E ratio of 41.30, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The stock's fifty day simple moving average is $489.70 and its 200 day simple moving average is $503.11.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter last year, the firm earned $4.01 EPS. S&P Global's quarterly revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts expect 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, June 11th. Shareholders of record on Wednesday, May 28th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

Insider Buying and Selling at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president now owns 5,131 shares of the company's stock, valued at $2,619,016.33. This trade represents a 8.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Bank of America assumed coverage on S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 target price on the stock. BMO Capital Markets increased their target price on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Mizuho assumed coverage on S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price on the stock. Argus upgraded S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Finally, Stifel Nicolaus dropped their price target on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, S&P Global currently has a consensus rating of "Moderate Buy" and a consensus price target of $592.71.

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.