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

Simon Quick Advisors LLC lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 15.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,357 shares of the business services provider’s stock after buying an additional 321 shares during the period. Simon Quick Advisors LLC’s holdings in S&P Global were worth $1,197,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of S&P Global by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider’s stock worth $3,273,264,000 after buying an additional 116,208 shares during the last quarter. Norges Bank purchased a new position in S&P Global during the 4th quarter valued at about $1,725,084,000. Northern Trust Corp raised its position in S&P Global by 19.1% during the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider’s stock worth $1,631,568,000 after acquiring an additional 525,347 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in S&P Global by 13.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider’s stock worth $1,529,653,000 after acquiring an additional 357,790 shares during the last quarter. Finally, Amundi lifted its holdings in shares of S&P Global by 6.6% in the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider’s stock valued at $1,162,979,000 after purchasing an additional 145,434 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Stifel Nicolaus cut their price objective on S&P Global from $629.00 to $603.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Bank of America began coverage on S&P Global in a research report on Thursday, April 10th. They set a “buy” rating and a $600.00 price target for the company. Wall Street Zen downgraded S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. UBS Group increased 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. Finally, BMO Capital Markets boosted their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $592.71.

Insider Activity

In other S&P Global news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.10% of the company’s stock.

S&P Global Price Performance

Shares of S&P Global stock opened at $505.94 on Friday. The business’s fifty day moving average price is $495.92 and its 200 day moving average price is $504.24. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $545.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $155.17 billion, a P/E ratio of 40.97, a PEG ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.23 by $0.14. The business 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 company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $4.01 EPS. As a group, research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, May 28th. S&P Global’s dividend payout ratio (DPR) 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.