Mutual Advisors LLC Purchases 60 Shares of S&P Global Inc. (NYSE:SPGI)

Mutual Advisors LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,396 shares of the business services provider’s stock after purchasing an additional 60 shares during the period. Mutual Advisors LLC’s holdings in S&P Global were worth $615,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SPGI. Premier Path Wealth Partners LLC purchased a new position in shares of S&P Global in the 4th quarter worth $733,000. SG Americas Securities LLC grew its stake in shares of S&P Global by 4,240.8% in the 4th quarter. SG Americas Securities LLC now owns 188,565 shares of the business services provider’s stock worth $83,067,000 after buying an additional 184,221 shares in the last quarter. Everhart Financial Group Inc. boosted its stake in shares of S&P Global by 80.4% during the 4th quarter. Everhart Financial Group Inc. now owns 1,369 shares of the business services provider’s stock worth $603,000 after purchasing an additional 610 shares during the period. Independent Wealth Network Inc. purchased a new position in shares of S&P Global during the 4th quarter worth about $241,000. Finally, Rockline Wealth Management LLC purchased a new position in shares of S&P Global during the 4th quarter worth about $903,000. 87.17% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were 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 owns 162,530 shares in the company, valued at approximately $69,032,992.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of S&P Global in a research note on Friday, February 9th. Raymond James boosted 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 report on Tuesday, January 9th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $446.25.

S&P Global Price Performance

Shares of SPGI opened at $422.81 on Thursday. S&P Global Inc. has a 1-year low of $329.46 and a 1-year high of $461.16. The stock has a market cap of $135.41 billion, a PE ratio of 51.37, a P/E/G ratio of 2.39 and a beta of 1.15. The firm has a 50-day simple moving average of $433.77 and a two-hundred day simple moving average of $410.55. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. S&P Global’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.54 earnings per share. As a group, analysts forecast that S&P Global Inc. will post 14 EPS for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th were 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 was Monday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.90. S&P Global’s payout ratio is 44.23%.

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, and S&P Dow Jones Indices segments.