Obermeyer Wood Investment Counsel Lllp Acquires 97 Shares of S&P Global Inc. (NYSE:SPGI)

Obermeyer Wood Investment Counsel Lllp grew its position in shares of S&P Global Inc. (NYSE:SPGI) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 988 shares of the business services provider’s stock after purchasing an additional 97 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in S&P Global were worth $435,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SPGI. Valued Wealth Advisors LLC purchased a new position in S&P Global during the 4th quarter worth $28,000. Oliver Lagore Vanvalin Investment Group boosted its holdings in shares of S&P Global by 64.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after buying an additional 25 shares during the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in shares of S&P Global in the 3rd quarter worth about $25,000. LFA Lugano Financial Advisors SA boosted its holdings in shares of S&P Global by 200.0% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock worth $33,000 after buying an additional 50 shares during the last quarter. Finally, Harbour Investments Inc. boosted its holdings in shares of S&P Global by 45.8% in the 3rd quarter. Harbour Investments Inc. now owns 86 shares of the business services provider’s stock worth $31,000 after buying an additional 27 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI traded up $1.26 during midday trading on Thursday, hitting $413.37. The stock had a trading volume of 1,154,986 shares, compared to its average volume of 1,310,194. The company has a market cap of $132.39 billion, a P/E ratio of 49.93, a price-to-earnings-growth ratio of 2.31 and a beta of 1.15. The business has a fifty day moving average of $425.70 and a 200 day moving average of $415.27. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84. S&P Global Inc. has a 1 year low of $338.92 and a 1 year high of $461.16.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the company posted $2.54 EPS. As a group, equities analysts forecast that S&P Global Inc. will post 14.03 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 27th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Monday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.90. S&P Global’s dividend payout ratio is currently 44.23%.

Insider Activity at S&P Global

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

Analysts Set New Price Targets

SPGI has been the topic of a number of research reports. Erste Group Bank restated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Oppenheimer restated an “outperform” rating and issued a $480.00 price objective on shares of S&P Global in a research note on Tuesday, April 2nd. BMO Capital Markets boosted their price objective on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a research note on Friday, February 9th. Finally, Barclays boosted their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $462.00.

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.