Naviter Wealth LLC Purchases New Shares in S&P Global Inc. (NYSE:SPGI)

Naviter Wealth LLC purchased a new stake in S&P Global Inc. (NYSE:SPGI) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 595 shares of the business services provider’s stock, valued at approximately $262,000.

Other institutional investors have also recently added to or reduced their stakes in the company. D.B. Root & Company LLC lifted its holdings in S&P Global by 3.6% in the 4th quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock valued at $292,000 after purchasing an additional 23 shares in the last quarter. Mayflower Financial Advisors LLC lifted its holdings 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 valued at $315,000 after purchasing an additional 23 shares in the last quarter. Allworth Financial LP raised its holdings in shares of S&P Global by 1.8% during the 4th quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock worth $598,000 after acquiring an additional 24 shares during the period. Oakworth Capital Inc. raised its holdings in shares of S&P Global by 31.2% during the 4th quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock worth $44,000 after acquiring an additional 24 shares during the period. Finally, Independence Bank of Kentucky raised its holdings in shares of S&P Global by 1.7% during the 4th 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 period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Buying and Selling at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was 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 of the company’s stock, valued at $69,032,992.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SPGI has been the topic of several analyst reports. Oppenheimer lifted their price target on S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. BMO Capital Markets lifted 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. Stifel Nicolaus lifted their price target on S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Barclays boosted their price objective on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $462.60.

S&P Global Stock Performance

NYSE SPGI opened at $415.83 on Wednesday. The company has a market cap of $130.11 billion, a P/E ratio of 46.62, a P/E/G ratio of 2.32 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a 50-day moving average of $423.42 and a two-hundred day moving average of $418.78. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $461.16.

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

S&P Global Dividend Announcement

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

About S&P Global

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.