Sunbeam Capital Management LLC Acquires New Holdings in S&P Global Inc. (NYSE:SPGI)

Sunbeam Capital Management LLC purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 589 shares of the business services provider's stock, valued at approximately $293,000.

A number of other hedge funds also recently made changes to their positions in the business. Parkside Financial Bank & Trust grew its position in S&P Global by 2.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock worth $515,000 after buying an additional 20 shares during the last quarter. Personal CFO Solutions LLC boosted its stake in shares of S&P Global by 3.1% during the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock valued at $336,000 after buying an additional 20 shares during the period. Anfield Capital Management LLC boosted its stake in shares of S&P Global by 25.6% during the 4th quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock valued at $54,000 after buying an additional 22 shares during the period. Invenio Wealth Partners LLC boosted its holdings in 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 worth $286,000 after purchasing an additional 22 shares in the last quarter. Finally, Retirement Planning Group LLC increased its position in S&P Global by 0.4% during the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock worth $2,870,000 after buying an additional 22 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Trading Down 1.0%

Shares of SPGI stock traded down $5.37 on Wednesday, hitting $511.33. The stock had a trading volume of 877,935 shares, compared to its average volume of 1,220,699. The firm has a market cap of $156.82 billion, a P/E ratio of 41.40, a PEG ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a twelve month low of $419.49 and a twelve month high of $545.39. The company has a fifty day moving average price of $491.60 and a two-hundred day moving average price of $503.77. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly 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. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The firm had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. During the same period in the previous year, the firm posted $4.01 EPS. The company's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be issued a $0.96 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. S&P Global's payout ratio is 30.16%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wall Street Zen downgraded shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Morgan Stanley increased their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Mizuho began coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price target for the company. Bank of America began coverage on shares of S&P Global in a report on Thursday, April 10th. They set a "buy" rating and a $600.00 price objective for the company. Finally, Wells Fargo & Company raised their price objective on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $592.71.

Insider Buying and Selling at S&P Global

In related news, EVP Sally Moore sold 500 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 5,131 shares in the company, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company's stock.

S&P Global Company 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.