Everpar Advisors LLC Makes New Investment in S&P Global Inc. (NYSE:SPGI)

Everpar Advisors LLC purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 1,121 shares of the business services provider’s stock, valued at approximately $494,000.

Several other large investors have also recently modified their holdings of the stock. Wellington Management Group LLP lifted 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 acquiring an additional 881,215 shares during the period. Morgan Stanley grew its position in S&P Global by 8.2% in the 3rd quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock worth $2,067,807,000 after purchasing an additional 428,737 shares during the period. Northern Trust Corp raised its stake in S&P Global by 1.6% during the 3rd quarter. Northern Trust Corp now owns 3,275,029 shares of the business services provider’s stock valued at $1,196,728,000 after buying an additional 52,560 shares during the last quarter. Ameriprise Financial Inc. raised its stake in S&P Global by 3.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,206,839 shares of the business services provider’s stock valued at $798,821,000 after buying an additional 83,174 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of S&P Global by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,816,218 shares of the business services provider’s stock worth $800,080,000 after buying 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 related news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the transaction, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

S&P Global Stock Performance

S&P Global stock traded up $2.80 during midday trading on Tuesday, hitting $428.56. The stock had a trading volume of 787,022 shares, compared to its average volume of 1,367,292. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 52-week low of $340.49 and a 52-week high of $461.16. The firm’s fifty day moving average is $422.49 and its two-hundred day moving average is $420.97. The company has a market capitalization of $134.10 billion, a PE ratio of 48.04, a P/E/G ratio of 2.37 and a beta of 1.14.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. On average, research analysts forecast 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. Shareholders of record on Wednesday, May 29th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Tuesday, May 28th. S&P Global’s dividend payout ratio (DPR) is currently 40.81%.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of recent research reports. Barclays increased their target price on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. BMO Capital Markets increased their price objective on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Raymond James increased their price objective on shares of S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a research note on Friday, February 9th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $462.60.

About S&P Global

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.