Fidelis Capital Partners LLC Has $709,000 Stake in S&P Global Inc. (NYSE:SPGI)

Fidelis Capital Partners LLC grew its position in S&P Global Inc. (NYSE:SPGI) by 14.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,609 shares of the business services provider’s stock after purchasing an additional 200 shares during the period. Fidelis Capital Partners LLC’s holdings in S&P Global were worth $709,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. bought a new position in shares of S&P Global in the 3rd quarter valued at $25,000. Valued Wealth Advisors LLC bought a new position in S&P Global during the 4th quarter worth $28,000. Oliver Lagore Vanvalin Investment Group raised its position in S&P Global by 64.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after purchasing an additional 25 shares during the last quarter. Harbour Investments Inc. raised its position in S&P Global by 45.8% during the 3rd quarter. Harbour Investments Inc. now owns 86 shares of the business services provider’s stock worth $31,000 after purchasing an additional 27 shares during the last quarter. Finally, Fortis Group Advisors LLC bought a new position in S&P Global during the 3rd quarter worth $33,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SPGI. Barclays raised their target price on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Oppenheimer reiterated an “outperform” rating and set a $480.00 price target on shares of S&P Global in a report on Tuesday, April 2nd. Stifel Nicolaus decreased their price target on S&P Global from $460.00 to $442.00 and set a “buy” rating for the company in a report on Thursday. Raymond James increased their price target on S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Finally, Erste Group Bank restated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $462.00.

S&P Global Stock Performance

Shares of S&P Global stock traded down $1.68 during mid-day trading on Friday, hitting $411.69. 196,145 shares of the stock were exchanged, compared to its average volume of 1,295,109. S&P Global Inc. has a 12 month low of $338.92 and a 12 month high of $461.16. The company has a 50-day simple moving average of $425.23 and a 200 day simple moving average of $415.25. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $131.85 billion, a P/E ratio of 50.23, a P/E/G ratio of 2.32 and a beta of 1.15.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $2.54 EPS. Sell-side analysts anticipate that S&P Global Inc. will post 14.08 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 27th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.88%. This is a positive change from S&P Global’s previous quarterly dividend of $0.90. The ex-dividend date was Monday, February 26th. S&P Global’s payout ratio is currently 44.23%.

Insider Activity at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were 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 directly owns 162,530 shares in the company, valued at approximately $69,032,992.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

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.