Cloverfields Capital Group LP Has $4.44 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Cloverfields Capital Group LP grew its position in S&P Global Inc. (NYSE:SPGIFree Report) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,073 shares of the business services provider’s stock after acquiring an additional 459 shares during the period. S&P Global accounts for 1.7% of Cloverfields Capital Group LP’s portfolio, making the stock its 22nd largest holding. Cloverfields Capital Group LP’s holdings in S&P Global were worth $4,437,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. D.B. Root & Company LLC raised its holdings in shares of 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 valued at $292,000 after purchasing an additional 23 shares during the period. Mayflower Financial Advisors LLC raised its holdings in S&P Global by 3.3% in the 4th quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock valued at $315,000 after acquiring an additional 23 shares during the period. Allworth Financial LP raised its holdings in S&P Global by 1.8% in the 4th quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock valued at $598,000 after acquiring an additional 24 shares during the period. Oakworth Capital Inc. raised its holdings in S&P Global by 31.2% in the 4th quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 24 shares during the period. Finally, Independence Bank of Kentucky raised its holdings in S&P Global by 1.7% in the 4th 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 period. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a report on Friday, May 24th. BMO Capital Markets increased their target price on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Stifel Nicolaus increased their target price on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Oppenheimer increased their target price on shares of S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Barclays increased their target price on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $467.89.

Read Our Latest Analysis on SPGI

S&P Global Price Performance

Shares of NYSE SPGI traded up $5.92 during trading hours on Friday, hitting $427.51. 1,849,656 shares of the stock were exchanged, compared to its average volume of 1,092,470. 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 company has a market cap of $133.77 billion, a PE ratio of 47.93, a price-to-earnings-growth ratio of 2.38 and a beta of 1.14. The company’s fifty day simple moving average is $425.24 and its two-hundred day simple moving average is $428.67. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $461.16.

S&P Global (NYSE:SPGIGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 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 the consensus estimate of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. On average, sell-side analysts predict that S&P Global Inc. will post 14.1 EPS for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Wednesday, May 29th. S&P Global’s payout ratio is 40.81%.

About S&P Global

(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

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

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