Sora Investors LLC Invests $3.56 Million in S&P Global Inc. (NYSE:SPGI)

Sora Investors LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,143 shares of the business services provider's stock, valued at approximately $3,557,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Parkside Financial Bank & Trust raised its stake in S&P Global by 2.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock valued at $515,000 after acquiring an additional 20 shares during the period. Personal CFO Solutions LLC raised its stake in S&P Global by 3.1% in the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock valued at $336,000 after acquiring an additional 20 shares during the period. Anfield Capital Management LLC raised its stake in S&P Global by 25.6% in the 4th quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock valued at $54,000 after acquiring an additional 22 shares during the period. Invenio Wealth Partners LLC raised its stake in S&P Global by 4.0% in the 4th quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock valued at $286,000 after acquiring an additional 22 shares during the period. Finally, Wedge Capital Management L L P NC raised its stake in S&P Global by 4.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider's stock valued at $265,000 after acquiring an additional 23 shares during the period. Institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

Shares of SPGI traded up $1.43 during trading hours on Monday, hitting $523.89. 725,577 shares of the company were exchanged, compared to its average volume of 1,219,878. The firm's fifty day moving average is $487.94 and its 200 day moving average is $502.70. The company has a market cap of $160.68 billion, a price-to-earnings ratio of 42.42, a P/E/G ratio of 2.41 and a beta of 1.23. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a fifty-two week low of $419.49 and a fifty-two week high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.23 by $0.14. The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. S&P Global's revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $4.01 earnings per share. On average, equities analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.73%. The ex-dividend date is Wednesday, May 28th. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SPGI shares. JPMorgan Chase & Co. lowered their price objective on S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Evercore ISI increased their price objective on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. BMO Capital Markets increased their price objective on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. StockNews.com cut S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company increased their price objective on S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $592.71.

Insider Activity at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by insiders.

About S&P Global

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.