Obermeyer Wealth Partners Purchases 2,202 Shares of S&P Global Inc. (NYSE:SPGI)

Obermeyer Wealth Partners raised its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 150.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,665 shares of the business services provider's stock after acquiring an additional 2,202 shares during the period. Obermeyer Wealth Partners' holdings in S&P Global were worth $1,825,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Eastern Bank boosted its position in S&P Global by 3.1% during the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider's stock valued at $24,980,000 after buying an additional 1,530 shares during the period. Wealthfront Advisers LLC grew its position in S&P Global by 19.1% during the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock worth $18,799,000 after acquiring an additional 6,051 shares during the last quarter. Graham Capital Management L.P. purchased a new position in S&P Global in the 4th quarter worth approximately $14,040,000. Synergy Asset Management LLC lifted its position in S&P Global by 110.8% in the fourth quarter. Synergy Asset Management LLC now owns 23,868 shares of the business services provider's stock valued at $12,066,000 after purchasing an additional 12,547 shares during the last quarter. Finally, Miracle Mile Advisors LLC boosted its stake in shares of S&P Global by 50.0% during the fourth quarter. Miracle Mile Advisors LLC now owns 21,496 shares of the business services provider's stock valued at $10,705,000 after purchasing an additional 7,170 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at S&P Global

In related 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 transaction of $255,215.00. Following the transaction, the executive vice president now owns 5,131 shares in the company, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SPGI shares. UBS Group upped their target price on S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Robert W. Baird decreased their price objective on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Evercore ISI boosted their price objective on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Mizuho assumed coverage on S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective for the company. Finally, BMO Capital Markets boosted their target price on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $592.71.

S&P Global Stock Performance

SPGI stock opened at $518.49 on Tuesday. 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 Inc. has a 1 year low of $419.49 and a 1 year high of $545.39. The company has a market cap of $159.02 billion, a P/E ratio of 41.98, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The stock's fifty day moving average price is $486.15 and its 200-day moving average price is $501.79.

S&P Global (NYSE:SPGI - Get Free Report) last announced its 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 business had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. During the same period last year, the firm posted $4.01 earnings per share. The business's revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global's payout ratio is 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.

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