S&P Global Inc. (NYSE:SPGI) Shares Bought by Waverly Advisors LLC

Waverly Advisors LLC boosted its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 126.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,273 shares of the business services provider's stock after acquiring an additional 2,389 shares during the period. Waverly Advisors LLC's holdings in S&P Global were worth $2,128,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of SPGI. Minot DeBlois Advisors LLC bought a new position in shares of S&P Global in the fourth quarter worth $25,000. Anderson Financial Strategies LLC bought a new position in S&P Global in the 4th quarter worth about $27,000. Human Investing LLC purchased a new position in S&P Global during the 4th quarter valued at about $30,000. Noble Wealth Management PBC bought a new stake in shares of S&P Global during the fourth quarter valued at about $31,000. Finally, Hazlett Burt & Watson Inc. lifted its holdings in shares of S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after buying an additional 38 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

NYSE SPGI traded down $1.54 during trading hours on Wednesday, hitting $514.21. 264,949 shares of the company's stock traded hands, compared to its average volume of 1,359,404. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The firm's 50-day moving average is $491.60 and its 200-day moving average is $503.77. S&P Global Inc. has a 52-week low of $419.49 and a 52-week high of $545.39. The company has a market capitalization of $157.71 billion, a PE ratio of 41.64, a PEG ratio of 2.41 and a beta of 1.23.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. The business had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the company earned $4.01 EPS. Equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared 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 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%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SPGI. Stifel Nicolaus decreased their target price on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Bank of America initiated coverage on shares of S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 target price for the company. Evercore ISI upped their price objective on shares of S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Argus raised shares of S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Finally, Morgan Stanley lifted their price objective on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Two investment 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. Based on data from MarketBeat.com, S&P Global 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 that occurred 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 directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

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.