S&P Global Inc. (NYSE:SPGI) Holdings Raised by Flputnam Investment Management Co.

Flputnam Investment Management Co. boosted its stake in S&P Global Inc. (NYSE:SPGI) by 1.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,591 shares of the business services provider’s stock after acquiring an additional 25 shares during the quarter. Flputnam Investment Management Co.’s holdings in S&P Global were worth $1,141,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fidelis Capital Partners LLC raised its holdings in shares of S&P Global by 18.5% during the 3rd quarter. Fidelis Capital Partners LLC now owns 1,409 shares of the business services provider’s stock valued at $515,000 after purchasing an additional 220 shares in the last quarter. Arkadios Wealth Advisors grew its stake in S&P Global by 6.1% in the 4th quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock valued at $671,000 after buying an additional 87 shares during the last quarter. Handelsinvest Investeringsforvaltning acquired a new position in S&P Global in the 4th quarter valued at $1,644,000. Aspiriant LLC acquired a new position in S&P Global in the 4th quarter valued at $398,000. Finally, Westfield Capital Management Co. LP grew its stake in S&P Global by 12.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 186,231 shares of the business services provider’s stock valued at $68,051,000 after buying an additional 20,153 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

SPGI has been the topic of several research analyst reports. Oppenheimer restated an “outperform” rating and issued a $480.00 price target on shares of S&P Global in a research report on Tuesday, April 2nd. BMO Capital Markets raised their price target on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Raymond James raised their price target on shares of S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a research report on Friday, February 9th. Finally, Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and a consensus target price of $464.22.

Insider Buying and Selling

In related news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 162,530 shares in the company, valued at approximately $69,032,992.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by corporate insiders.

S&P Global Stock Performance

NYSE SPGI opened at $408.57 on Wednesday. The stock has a market cap of $130.85 billion, a P/E ratio of 49.64, a PEG ratio of 2.32 and a beta of 1.15. S&P Global Inc. has a twelve month low of $338.92 and a twelve month high of $461.16. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. The company’s 50-day simple moving average is $426.65 and its 200 day simple moving average is $415.29.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.54 EPS. As a group, research analysts forecast that S&P Global Inc. will post 14.02 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 27th were given a dividend of $0.91 per share. The ex-dividend date was Monday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.90. This represents a $3.64 dividend on an annualized basis and a yield of 0.89%. S&P Global’s dividend payout ratio is 44.23%.

About S&P Global

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.