Benjamin F. Edwards & Company Inc. Purchases 75,702 Shares of S&P Global Inc. (NYSE:SPGI)

Benjamin F. Edwards & Company Inc. boosted its position in S&P Global Inc. (NYSE:SPGIFree Report) by 2,274.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 79,031 shares of the business services provider’s stock after buying an additional 75,702 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in S&P Global were worth $34,815,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SPGI. D.B. Root & Company LLC increased its holdings in S&P Global by 3.6% in the 4th quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock worth $292,000 after buying an additional 23 shares in the last quarter. Mayflower Financial Advisors LLC boosted its position in S&P Global by 3.3% in the fourth quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock worth $315,000 after purchasing an additional 23 shares during the last quarter. Allworth Financial LP boosted its position in S&P Global by 1.8% in the fourth quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock worth $598,000 after purchasing an additional 24 shares during the last quarter. Oakworth Capital Inc. boosted its position in S&P Global by 31.2% in the fourth quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock worth $44,000 after purchasing an additional 24 shares during the last quarter. Finally, Independence Bank of Kentucky boosted its position 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 worth $655,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.2 %

SPGI stock traded up $0.76 during midday trading on Thursday, reaching $416.96. The company’s stock had a trading volume of 1,221,932 shares, compared to its average volume of 1,368,144. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a fifty day simple moving average of $423.26 and a two-hundred day simple moving average of $418.76. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $461.16. The firm has a market capitalization of $130.47 billion, a price-to-earnings ratio of 46.66, a PEG ratio of 2.32 and a beta of 1.14.

S&P Global (NYSE:SPGIGet Free Report) last released its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. On average, equities research analysts predict that S&P Global Inc. will post 14.1 EPS for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Wednesday, May 29th. S&P Global’s payout ratio is 40.81%.

Insider Transactions at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on SPGI. Barclays raised their target price on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Stifel Nicolaus lifted their price objective on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research report on Friday, April 26th. 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 research report on Monday, April 1st. Oppenheimer lifted their price objective on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $462.60.

Read Our Latest Research Report on S&P Global

S&P Global 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.

See Also

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGIFree Report).

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

Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.