S&P Global Inc. (NYSE:SPGI) Shares Bought by Summit Global Investments

Summit Global Investments raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 19.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,147 shares of the business services provider’s stock after buying an additional 350 shares during the period. Summit Global Investments’ holdings in S&P Global were worth $946,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. D.B. Root & Company LLC increased its stake in shares of S&P Global by 3.6% in the fourth quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock worth $292,000 after purchasing an additional 23 shares during the period. Mayflower Financial Advisors LLC increased its position in S&P Global by 3.3% in the 4th quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock worth $315,000 after buying an additional 23 shares during the period. Allworth Financial LP lifted its holdings in shares of S&P Global by 1.8% during the fourth quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock worth $598,000 after buying an additional 24 shares during the last quarter. Oakworth Capital Inc. boosted its position in shares of S&P Global by 31.2% in the fourth quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 24 shares during the period. Finally, Independence Bank of Kentucky grew its stake in shares of S&P Global by 1.7% in the fourth quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock worth $655,000 after acquiring an additional 25 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on SPGI. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of S&P Global in a research note on Friday, February 9th. BMO Capital Markets increased their target price on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Oppenheimer boosted their price target on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Raymond James upped 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. Finally, Barclays lifted their price target on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $462.60.

Insider Transactions at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the transaction, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

S&P Global Price Performance

Shares of SPGI traded up $8.22 during trading hours on Friday, hitting $425.18. The stock had a trading volume of 1,917,839 shares, compared to its average volume of 1,418,015. S&P Global Inc. has a 52 week low of $340.49 and a 52 week high of $461.16. The stock has a market capitalization of $133.04 billion, a price-to-earnings ratio of 47.67, a P/E/G ratio of 2.33 and a beta of 1.14. The company’s fifty day moving average is $422.89 and its two-hundred day moving average is $418.75. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data 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. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.39 billion. On average, analysts anticipate that S&P Global Inc. will post 14.1 EPS for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Tuesday, May 28th. S&P Global’s dividend payout ratio is currently 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.