Summit Global Investments Has $946,000 Stake in S&P Global Inc. (NYSE:SPGI)

Summit Global Investments boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 19.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,147 shares of the business services provider’s stock after buying an additional 350 shares during the quarter. Summit Global Investments’ holdings in S&P Global were worth $946,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Valued Wealth Advisors LLC acquired a new stake in shares of S&P Global during the fourth quarter worth $28,000. Oliver Lagore Vanvalin Investment Group raised its position in shares of S&P Global by 64.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after acquiring an additional 25 shares in the last quarter. Fortis Group Advisors LLC acquired a new position in shares of S&P Global in the 3rd quarter valued at about $33,000. LFA Lugano Financial Advisors SA boosted its position in shares of S&P Global by 200.0% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 50 shares in the last quarter. Finally, Asset Dedication LLC acquired a new stake in S&P Global during the third quarter worth approximately $35,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SPGI shares. Raymond James boosted their price target 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. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of S&P Global in a research report on Friday, February 9th. Barclays raised their price target on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Oppenheimer lifted their price target on shares of S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $462.60.

S&P Global Stock Up 2.0 %

Shares of S&P Global stock traded up $8.22 on Friday, hitting $425.18. The company had a trading volume of 1,917,839 shares, compared to its average volume of 1,418,015. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $461.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a 50 day moving average of $422.89 and a 200-day moving average of $418.75. 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.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. As a group, sell-side analysts forecast that S&P Global Inc. will post 14.1 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, May 28th. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Insiders Place Their Bets

In other news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction that occurred on 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 filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by insiders.

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.