595 Shares in S&P Global Inc. (NYSE:SPGI) Acquired by Naviter Wealth LLC

Naviter Wealth LLC acquired a new position in S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 595 shares of the business services provider’s stock, valued at approximately $262,000.

Several other institutional investors and hedge funds also recently bought and sold shares of SPGI. Exchange Traded Concepts LLC boosted its holdings in S&P Global by 819.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,085 shares of the business services provider’s stock worth $396,000 after buying an additional 967 shares during the period. Commonwealth Equity Services LLC lifted its stake in S&P Global by 1.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 44,961 shares of the business services provider’s stock worth $16,430,000 after purchasing an additional 463 shares in the last quarter. Vicus Capital lifted its stake in S&P Global by 170.1% in the 3rd quarter. Vicus Capital now owns 1,634 shares of the business services provider’s stock worth $597,000 after purchasing an additional 1,029 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of S&P Global by 2.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 57,786 shares of the business services provider’s stock valued at $21,116,000 after buying an additional 1,320 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its position in shares of S&P Global by 33.9% during the 3rd quarter. Pinnacle Associates Ltd. now owns 2,130 shares of the business services provider’s stock valued at $778,000 after buying an additional 539 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction dated 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 sale, the chief executive officer now owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SPGI. BMO Capital Markets raised their price objective on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Stifel Nicolaus raised their price objective 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. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Oppenheimer increased their target price on shares of S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, 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. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $462.60.

S&P Global Price Performance

Shares of S&P Global stock opened at $415.83 on Wednesday. The company’s fifty day simple moving average is $423.42 and its two-hundred day simple moving average is $418.78. The firm has a market cap of $130.11 billion, a PE ratio of 46.62, a price-to-earnings-growth ratio of 2.32 and a beta of 1.15. 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 12-month low of $340.49 and a 12-month high of $461.16.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. As a group, equities analysts expect that S&P Global Inc. will post 14.09 EPS for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.88%. S&P Global’s payout ratio is 40.81%.

S&P Global 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.