S&P Global Inc. (NYSE:SPGI) Shares Bought by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 47.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,776 shares of the business services provider’s stock after acquiring an additional 1,538 shares during the quarter. Resonant Capital Advisors LLC’s holdings in S&P Global were worth $2,104,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC grew its stake 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 worth $515,000 after purchasing an additional 220 shares during the period. Arkadios Wealth Advisors grew its position in S&P Global by 6.1% during the fourth quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock worth $671,000 after buying an additional 87 shares during the period. Handelsinvest Investeringsforvaltning purchased a new position in S&P Global in the fourth quarter valued at about $1,644,000. Aspiriant LLC acquired a new stake in shares of S&P Global during the 4th quarter valued at approximately $398,000. Finally, Westfield Capital Management Co. LP boosted its stake in shares of S&P Global by 12.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 186,231 shares of the business services provider’s stock worth $68,051,000 after acquiring an additional 20,153 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the sale, the chief executive officer now 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 available through this hyperlink. 0.10% of the stock is currently owned by insiders.

S&P Global Trading Down 0.5 %

SPGI stock traded down $2.14 on Friday, hitting $411.23. 689,651 shares of the company were exchanged, compared to its average volume of 1,301,568. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $131.70 billion, a price-to-earnings ratio of 50.23, a price-to-earnings-growth 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 business’s fifty day moving average is $425.23 and its two-hundred day moving average is $415.25.

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

S&P Global Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. BMO Capital Markets boosted their price objective 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 increased their price objective on shares of 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 price target 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. Finally, Stifel Nicolaus decreased their price objective on S&P Global from $460.00 to $442.00 and set a “buy” rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $462.00.

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.