Catalyst Financial Partners LLC Increases Stock Position in S&P Global Inc. (NYSE:SPGI)

Catalyst Financial Partners LLC lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 5.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 999 shares of the business services provider’s stock after purchasing an additional 50 shares during the period. Catalyst Financial Partners LLC’s holdings in S&P Global were worth $440,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP grew its stake in S&P Global by 13.2% during the 3rd quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock valued at $2,769,787,000 after purchasing an additional 881,215 shares during the last quarter. Morgan Stanley boosted its position in S&P Global by 8.2% in the third quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock valued at $2,067,807,000 after buying an additional 428,737 shares during the last quarter. Northern Trust Corp increased its holdings in S&P Global by 1.6% in the 3rd quarter. Northern Trust Corp now owns 3,275,029 shares of the business services provider’s stock worth $1,196,728,000 after buying an additional 52,560 shares during the period. Ameriprise Financial Inc. increased its stake in shares of S&P Global by 3.9% in the third quarter. Ameriprise Financial Inc. now owns 2,206,839 shares of the business services provider’s stock worth $798,821,000 after acquiring an additional 83,174 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of S&P Global by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,816,218 shares of the business services provider’s stock worth $800,080,000 after purchasing an additional 32,897 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the sale, the chief executive officer now owns 162,530 shares in the company, valued at $69,032,992.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

S&P Global Trading Up 0.2 %

S&P Global stock traded up $0.65 during trading on Wednesday, reaching $429.21. 745,519 shares of the company were exchanged, compared to its average volume of 1,360,345. S&P Global Inc. has a 52-week low of $340.49 and a 52-week high of $461.16. The company has a market capitalization of $134.30 billion, a P/E ratio of 48.12, a PEG ratio of 2.37 and a beta of 1.14. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The stock’s 50 day simple moving average is $422.49 and its two-hundred day simple moving average is $420.97.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 EPS 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 firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.39 billion. On average, equities research analysts expect that S&P Global Inc. will post 14.1 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th will be given a $0.91 dividend. The ex-dividend date is Tuesday, May 28th. This represents a $3.64 dividend on an annualized basis and a yield of 0.85%. S&P Global’s dividend payout ratio is currently 40.81%.

Analyst Ratings Changes

Several research firms recently issued reports on SPGI. Stifel Nicolaus boosted their target price on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Oppenheimer lifted their price target on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price target on shares of S&P Global in a research report on Friday, February 9th. Barclays raised their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, BMO Capital Markets raised 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, April 1st. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $462.60.

S&P Global 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, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.