S&P Global Inc. (NYSE:SPGI) Shares Acquired by Xponance Inc.

Xponance Inc. lifted its stake in S&P Global Inc. (NYSE:SPGI) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,340 shares of the business services provider’s stock after buying an additional 2,069 shares during the period. Xponance Inc.’s holdings in S&P Global were worth $19,973,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SPGI. Kathleen S. Wright Associates Inc. purchased a new position in S&P Global during the 3rd quarter worth $25,000. Valued Wealth Advisors LLC purchased a new position in S&P Global during the 4th quarter worth $28,000. Oliver Lagore Vanvalin Investment Group grew its position in S&P Global by 64.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after purchasing an additional 25 shares during the last quarter. Harbour Investments Inc. grew its position in S&P Global by 45.8% during the 3rd quarter. Harbour Investments Inc. now owns 86 shares of the business services provider’s stock worth $31,000 after purchasing an additional 27 shares during the last quarter. Finally, Fortis Group Advisors LLC purchased a new position in S&P Global during the 3rd quarter worth $33,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

Shares of NYSE SPGI traded up $1.26 during midday trading on Thursday, hitting $413.37. The company had a trading volume of 1,059,050 shares, compared to its average volume of 1,308,914. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a twelve month low of $338.92 and a twelve month high of $461.16. The business has a 50-day simple moving average of $425.70 and a two-hundred day simple moving average of $415.27. The firm has a market capitalization of $132.39 billion, a price-to-earnings ratio of 49.93, a price-to-earnings-growth ratio of 2.31 and a beta of 1.15.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.02). The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the business earned $2.54 EPS. Equities research analysts anticipate that S&P Global Inc. will post 14.03 earnings per share for the current year.

S&P Global Increases Dividend

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

Insider Transactions at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 162,530 shares in the company, valued at $69,032,992.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on SPGI shares. Stifel Nicolaus lowered their price objective on shares of S&P Global from $460.00 to $442.00 and set a “buy” rating on the stock in a research report on Thursday. Oppenheimer restated an “outperform” rating and issued a $480.00 target price on shares of S&P Global in a research note on Tuesday, April 2nd. Barclays raised 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 note on Tuesday, April 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a research note on Friday, February 9th. Finally, Raymond James raised their target price 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. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $462.00.

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.