Algert Global LLC Invests $1.58 Million in S&P Global Inc. (NYSE:SPGI)

Algert Global LLC acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,180 shares of the business services provider’s stock, valued at approximately $1,584,000.

A number of other institutional investors have also recently made changes to their positions in SPGI. Alteri Wealth LLC bought a new position in S&P Global in the fourth quarter worth about $823,000. Aptus Capital Advisors LLC raised its position in shares of S&P Global by 22.9% in the 4th quarter. Aptus Capital Advisors LLC now owns 3,960 shares of the business services provider’s stock worth $1,972,000 after acquiring an additional 739 shares in the last quarter. Anderson Financial Strategies LLC purchased a new position in shares of S&P Global in the 4th quarter valued at approximately $27,000. Aspire Growth Partners LLC bought a new stake in shares of S&P Global during the fourth quarter valued at approximately $212,000. Finally, AXA S.A. grew its stake in S&P Global by 58.6% in the fourth quarter. AXA S.A. now owns 149,358 shares of the business services provider’s stock worth $74,385,000 after purchasing an additional 55,183 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Activity at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, the executive vice president now owns 5,131 shares in the company, valued at $2,619,016.33. The trade was a 8.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SPGI shares. BMO Capital Markets boosted their price objective on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. UBS Group lifted their price objective on S&P Global from $555.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Morgan Stanley boosted their target price on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Mizuho began coverage on S&P Global in a report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price objective on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $592.71.

S&P Global Stock Down 0.0 %

Shares of SPGI opened at $507.44 on Friday. The stock’s 50-day moving average price is $486.24 and its 200-day moving average price is $501.60. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $155.63 billion, a price-to-earnings ratio of 41.09, a PEG ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a 52 week low of $419.49 and a 52 week high of $545.39.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.23 by $0.14. The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $4.01 EPS. On average, sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a yield of 0.76%. S&P Global’s payout ratio is presently 30.16%.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.