Silvant Capital Management LLC bought a new stake in S&P Global (NYSE:SPGI) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 38,565 shares of the business services provider’s stock, valued at approximately $7,368,000. S&P Global comprises about 0.9% of Silvant Capital Management LLC’s investment portfolio, making the stock its 22nd largest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of SPGI. BlackRock Inc. grew its stake in shares of S&P Global by 2.3% during the fourth quarter. BlackRock Inc. now owns 18,078,515 shares of the business services provider’s stock worth $3,062,502,000 after acquiring an additional 401,826 shares during the last quarter. Deutsche Bank AG grew its stake in shares of S&P Global by 3.0% during the fourth quarter. Deutsche Bank AG now owns 4,163,495 shares of the business services provider’s stock worth $705,291,000 after acquiring an additional 120,354 shares during the last quarter. Independent Franchise Partners LLP grew its stake in shares of S&P Global by 1.5% during the fourth quarter. Independent Franchise Partners LLP now owns 3,827,389 shares of the business services provider’s stock worth $648,359,000 after acquiring an additional 57,846 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of S&P Global by 2.8% during the fourth quarter. Alliancebernstein L.P. now owns 2,558,906 shares of the business services provider’s stock worth $433,479,000 after acquiring an additional 69,847 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of S&P Global by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 2,466,870 shares of the business services provider’s stock worth $416,931,000 after acquiring an additional 81,119 shares during the last quarter. Institutional investors own 86.42% of the company’s stock.

A number of equities research analysts have recently weighed in on SPGI shares. Credit Suisse Group boosted their price target on S&P Global from $183.00 to $222.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. ValuEngine upgraded S&P Global from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $204.00 price target on the stock in a research note on Tuesday, January 23rd. Barclays boosted their price target on S&P Global from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 7th. Finally, Morgan Stanley boosted their price target on S&P Global from $203.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Friday, April 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $195.36.

In related news, CEO Douglas L. Peterson sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $197.75, for a total value of $791,000.00. Following the sale, the chief executive officer now owns 171,190 shares in the company, valued at $33,852,822.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John L. Berisford sold 15,902 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $192.19, for a total value of $3,056,205.38. Following the completion of the sale, the insider now owns 25,455 shares in the company, valued at approximately $4,892,196.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,792 shares of company stock worth $4,014,997. 0.20% of the stock is owned by insiders.

Shares of S&P Global opened at $197.66 on Friday, according to Marketbeat Ratings. The company has a market capitalization of $49.80 billion, a P/E ratio of 27.22, a PEG ratio of 1.60 and a beta of 1.36. S&P Global has a 52 week low of $196.84 and a 52 week high of $198.25. The company has a debt-to-equity ratio of 46.62, a quick ratio of 1.05 and a current ratio of 1.05.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, April 26th. The business services provider reported $2.00 EPS for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.02. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.53 billion. S&P Global had a return on equity of 267.10% and a net margin of 25.72%. S&P Global’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.62 earnings per share. sell-side analysts predict that S&P Global will post 8.52 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 12th. Investors of record on Tuesday, May 29th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 25th. This represents a $2.00 dividend on an annualized basis and a yield of 1.01%. S&P Global’s dividend payout ratio is currently 29.03%.

S&P Global Profile

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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

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