Clearstead Trust LLC Purchases New Shares in S&P Global Inc. (NYSE:SPGI)

Clearstead Trust LLC acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 774 shares of the business services provider’s stock, valued at approximately $341,000.

A number of other large investors have also added to or reduced their stakes in SPGI. National Bank of Canada FI raised its stake in shares of S&P Global by 84.9% in the fourth quarter. National Bank of Canada FI now owns 281,396 shares of the business services provider’s stock worth $122,800,000 after purchasing an additional 129,190 shares during the last quarter. TCG Advisory Services LLC purchased a new stake in S&P Global during the fourth quarter valued at $512,000. Forte Capital LLC ADV increased its position in S&P Global by 13.9% during the fourth quarter. Forte Capital LLC ADV now owns 1,945 shares of the business services provider’s stock valued at $857,000 after acquiring an additional 237 shares during the last quarter. AJOVista LLC purchased a new stake in S&P Global during the fourth quarter valued at $108,000. Finally, Provence Wealth Management Group purchased a new stake in S&P Global during the fourth quarter valued at $265,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling

In related news, CEO Douglas L. Peterson sold 6,000 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

S&P Global Price Performance

NYSE SPGI traded up $8.22 during trading on Friday, hitting $425.18. 1,917,839 shares of the stock traded hands, compared to its average volume of 1,418,015. The company has a market capitalization of $133.04 billion, a P/E ratio of 47.67, a price-to-earnings-growth ratio of 2.37 and a beta of 1.14. The firm has a 50-day simple moving average of $422.63 and a 200-day simple moving average of $419.93. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $461.16.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.33. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. As a group, analysts predict that S&P Global Inc. will post 14.1 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Tuesday, May 28th. S&P Global’s dividend payout ratio is currently 40.81%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Raymond James boosted their price target on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price target on shares of S&P Global in a report on Friday, February 9th. Oppenheimer boosted their price target on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Barclays increased 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. Finally, BMO Capital Markets increased their target price on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $462.60.

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