S&P Global Inc. (NYSE:SPGI) Shares Bought by Tidal Investments LLC

Tidal Investments LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 91.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,587 shares of the business services provider's stock after buying an additional 27,565 shares during the quarter. Tidal Investments LLC's holdings in S&P Global were worth $28,680,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SPGI. Minot DeBlois Advisors LLC bought a new position in S&P Global during the 4th quarter worth about $25,000. Anderson Financial Strategies LLC purchased a new stake in S&P Global in the 4th quarter worth $27,000. Human Investing LLC acquired a new stake in S&P Global during the 4th quarter worth $30,000. Noble Wealth Management PBC acquired a new position in shares of S&P Global during the 4th quarter valued at about $31,000. Finally, Hazlett Burt & Watson Inc. increased its stake in 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 worth $32,000 after purchasing an additional 38 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on SPGI. Bank of America initiated coverage on S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 target price for the company. UBS Group lifted their price target on S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Evercore ISI lifted their price objective on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Morgan Stanley upped their target price on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus lowered their price target on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Two equities research 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, S&P Global presently has a consensus rating of "Moderate Buy" and a consensus price target of $592.71.

Insider Buying and Selling at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction on Monday, May 5th. The shares were sold at an average price of $510.43, for a total value of $255,215.00. Following the transaction, the executive vice president now directly owns 5,131 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Insiders own 0.10% of the company's stock.

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 business has a fifty day simple moving average of $489.70 and a 200-day simple moving average of $503.11. The company has a market cap of $156.44 billion, a price-to-earnings ratio of 41.30, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a 12 month low of $419.49 and a 12 month high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the previous year, the company posted $4.01 earnings per share. The company's revenue was up 8.2% compared to the same quarter last year. On average, research 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 business 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 $0.96 dividend. The ex-dividend date 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 is currently 30.16%.

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.