Charles Schwab Investment Management Inc. Purchases 32,897 Shares of S&P Global Inc. (NYSE:SPGI)

Charles Schwab Investment Management Inc. lifted its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,816,218 shares of the business services provider's stock after buying an additional 32,897 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.57% of S&P Global worth $800,080,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Fidelis Capital Partners LLC raised its holdings in shares of S&P Global by 18.5% in the third quarter. Fidelis Capital Partners LLC now owns 1,409 shares of the business services provider's stock worth $515,000 after buying an additional 220 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in shares of S&P Global by 6.1% in the fourth quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider's stock valued at $671,000 after purchasing an additional 87 shares during the period. Handelsinvest Investeringsforvaltning purchased a new position in shares of S&P Global in the fourth quarter worth about $1,644,000. Citizens Financial Group Inc. RI lifted its holdings in shares of S&P Global by 54.2% during the fourth quarter. Citizens Financial Group Inc. RI now owns 3,172 shares of the business services provider's stock worth $1,397,000 after purchasing an additional 1,115 shares during the period. Finally, Aspiriant LLC purchased a new stake in S&P Global in the fourth quarter valued at approximately $398,000. Institutional investors own 87.17% of the company's stock.

Insider Buying and Selling at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the transaction, the chief executive officer now owns 162,530 shares of the company's stock, valued at approximately $69,032,992.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on SPGI. Oppenheimer lifted their price objective on S&P Global from $480.00 to $482.00 and gave the company an "outperform" rating in a research note on Friday, April 26th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $500.00 target price on shares of S&P Global in a report on Friday, February 9th. Stifel Nicolaus raised their price target on shares of S&P Global from $442.00 to $446.00 and gave the company a "buy" rating in a research report on Friday, April 26th. Raymond James lifted their price objective on shares of S&P Global from $422.00 to $452.00 and gave the company an "outperform" rating in a report on Tuesday, January 9th. Finally, Barclays increased their target price on shares of S&P Global from $500.00 to $520.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, S&P Global currently has a consensus rating of "Moderate Buy" and a consensus price target of $462.60.

S&P Global Trading Up 0.7 %

Shares of SPGI traded up $2.80 during trading on Tuesday, reaching $428.56. 787,022 shares of the company traded hands, compared to its average volume of 1,367,292. The stock has a 50-day simple moving average of $422.49 and a 200-day simple moving average of $420.97. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $461.16. The stock has a market cap of $134.10 billion, a PE ratio of 48.04, a price-to-earnings-growth ratio of 2.37 and a beta of 1.14.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping the consensus estimate of $3.68 by $0.33. The firm had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. On average, analysts anticipate that S&P Global Inc. will post 14.1 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th will be issued a $0.91 dividend. The ex-dividend date is Tuesday, May 28th. This represents a $3.64 dividend on an annualized basis and a yield of 0.85%. S&P Global's dividend payout ratio (DPR) is presently 40.81%.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.

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