Certuity LLC Purchases 204 Shares of S&P Global Inc. (NYSE:SPGI)

Certuity LLC lifted its stake in S&P Global Inc. (NYSE:SPGI) by 18.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,306 shares of the business services provider’s stock after purchasing an additional 204 shares during the period. Certuity LLC’s holdings in S&P Global were worth $575,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SPGI. Exchange Traded Concepts LLC increased its position in S&P Global by 819.5% during the third 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 last quarter. Commonwealth Equity Services LLC grew its position in S&P Global by 1.0% during the third quarter. Commonwealth Equity Services LLC now owns 44,961 shares of the business services provider’s stock worth $16,430,000 after buying an additional 463 shares in the last quarter. Vicus Capital lifted its stake in S&P Global by 170.1% during the third 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 during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in S&P Global by 2.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 57,786 shares of the business services provider’s stock worth $21,116,000 after purchasing an additional 1,320 shares during the last quarter. Finally, Pinnacle Associates Ltd. lifted its stake in S&P Global by 33.9% during the third quarter. Pinnacle Associates Ltd. now owns 2,130 shares of the business services provider’s stock worth $778,000 after purchasing an additional 539 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SPGI. Stifel Nicolaus raised their target price on S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. BMO Capital Markets increased their price target on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Raymond James raised their target price on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Barclays raised their target price on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Erste Group Bank restated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $462.60.

Insider Activity

In related news, CEO Douglas L. Peterson sold 6,000 shares of the business’s 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 transaction, the chief executive officer now owns 162,530 shares in the company, valued at $69,032,992.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.10% of the company’s stock.

S&P Global Stock Up 0.1 %

Shares of NYSE:SPGI opened at $415.83 on Wednesday. S&P Global Inc. has a 52-week low of $340.49 and a 52-week high of $461.16. The firm has a fifty day moving average of $423.42 and a 200 day moving average of $418.78. The firm has a market capitalization 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 debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.33. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate 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, research analysts anticipate that S&P Global Inc. will post 14.09 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.88%. S&P Global’s dividend payout ratio (DPR) 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.