S&P Global Inc. (NYSE:SPGI) Shares Purchased by Carderock Capital Management Inc.

Carderock Capital Management Inc. boosted its stake in shares of S&P Global Inc. (NYSE:SPGIFree Report) by 25.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 21,936 shares of the business services provider’s stock after purchasing an additional 4,490 shares during the quarter. S&P Global comprises 2.7% of Carderock Capital Management Inc.’s holdings, making the stock its 9th largest position. Carderock Capital Management Inc.’s holdings in S&P Global were worth $9,663,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Independence Bank of Kentucky boosted its holdings in S&P Global by 1.7% in the fourth quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock valued at $655,000 after acquiring an additional 25 shares during the last quarter. Stonegate Investment Group LLC boosted its holdings in S&P Global by 9.5% in the fourth quarter. Stonegate Investment Group LLC now owns 1,654 shares of the business services provider’s stock valued at $729,000 after acquiring an additional 144 shares during the last quarter. Drive Wealth Management LLC boosted its holdings in S&P Global by 4.8% in the fourth quarter. Drive Wealth Management LLC now owns 998 shares of the business services provider’s stock valued at $439,000 after acquiring an additional 46 shares during the last quarter. Pinnacle Financial Partners Inc boosted its holdings in S&P Global by 1.7% in the fourth quarter. Pinnacle Financial Partners Inc now owns 36,843 shares of the business services provider’s stock valued at $16,230,000 after acquiring an additional 609 shares during the last quarter. Finally, Snider Financial Group bought a new position in S&P Global in the fourth quarter valued at about $1,326,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of S&P Global in a report on Friday, February 9th. Oppenheimer restated an “outperform” rating and set a $480.00 target price on shares of S&P Global in a report on Tuesday. Barclays raised their target price on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday. Raymond James raised their target price on S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Finally, BMO Capital Markets lifted their price objective on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $464.22.

View Our Latest Research Report on S&P Global

S&P Global Stock Up 0.1 %

Shares of S&P Global stock opened at $426.46 on Thursday. The business’s 50 day simple moving average is $431.70 and its 200 day simple moving average is $411.89. S&P Global Inc. has a 52-week low of $329.46 and a 52-week high of $461.16. The firm has a market cap of $136.58 billion, a PE ratio of 51.82, a P/E/G ratio of 2.43 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84.

S&P Global (NYSE:SPGIGet Free Report) last announced its earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the business posted $2.54 EPS. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, analysts predict that S&P Global Inc. will post 14 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th were given a dividend of $0.91 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.90. The ex-dividend date was Monday, February 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.85%. S&P Global’s payout ratio is 44.23%.

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 stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the transaction, the chief executive officer now owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

S&P Global Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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