SRS Capital Advisors Inc. Increases Stock Holdings in S&P Global Inc. (NYSE:SPGI)

SRS Capital Advisors Inc. lifted its position in S&P Global Inc. (NYSE:SPGI) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,288 shares of the business services provider’s stock after buying an additional 178 shares during the quarter. SRS Capital Advisors Inc.’s holdings in S&P Global were worth $3,210,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SPGI. Valued Wealth Advisors LLC bought a new position in shares of S&P Global in the fourth quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group increased its position in shares of S&P Global by 64.1% in the fourth 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. Fortis Group Advisors LLC bought a new position in shares of S&P Global in the third quarter worth approximately $33,000. LFA Lugano Financial Advisors SA increased its position in shares of S&P Global by 200.0% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock worth $33,000 after purchasing an additional 50 shares during the last quarter. Finally, Asset Dedication LLC bought a new position in shares of S&P Global in the third quarter worth approximately $35,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was 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 owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a research report on Friday, February 9th. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Stifel Nicolaus increased their price target on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Oppenheimer increased their price target on shares of S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Barclays increased their price target on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $462.60.

S&P Global Trading Down 0.4 %

Shares of NYSE:SPGI traded down $1.62 during trading on Thursday, reaching $414.58. 515,122 shares of the company traded hands, compared to its average volume of 1,359,627. The firm has a market capitalization of $129.72 billion, a price-to-earnings ratio of 46.66, a P/E/G ratio of 2.32 and a beta of 1.14. S&P Global Inc. has a 52-week low of $340.49 and a 52-week high of $461.16. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The business’s fifty day moving average is $423.26 and its 200-day moving average is $418.76.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. The firm 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 forecast 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 $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Wednesday, May 29th. S&P Global’s payout ratio is 40.81%.

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.