TCG Advisory Services LLC Makes New Investment in S&P Global Inc. (NYSE:SPGI)

TCG Advisory Services LLC acquired a new stake in S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,163 shares of the business services provider’s stock, valued at approximately $512,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPGI. Valued Wealth Advisors LLC acquired a new stake in S&P Global during the fourth quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group lifted its holdings 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. LFA Lugano Financial Advisors SA boosted its stake in 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 valued at $33,000 after purchasing an additional 50 shares during the period. MCF Advisors LLC increased its position in S&P Global by 141.7% during the 4th quarter. MCF Advisors LLC now owns 87 shares of the business services provider’s stock worth $38,000 after buying an additional 51 shares during the period. Finally, Fortis Group Advisors LLC acquired a new stake in shares of S&P Global during the third quarter worth $33,000. 87.17% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction dated 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 sale, the chief executive officer now directly 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 the SEC website. 0.10% of the stock is owned by corporate insiders.

S&P Global Price Performance

NYSE:SPGI traded up $8.22 during trading hours on Friday, hitting $425.18. The company’s stock had a trading volume of 1,917,839 shares, compared to its average volume of 1,418,015. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $133.04 billion, a P/E ratio of 47.67, a PEG ratio of 2.37 and a beta of 1.14. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $461.16. The stock has a fifty day simple moving average of $422.63 and a 200-day simple moving average of $419.93.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results 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 company had revenue of $3.49 billion for 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, analysts anticipate that S&P Global Inc. will post 14.1 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $3.64 annualized dividend and a dividend yield of 0.86%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SPGI shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of S&P Global in a research report on Friday, February 9th. Stifel Nicolaus raised their target price on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Oppenheimer lifted 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. Raymond James increased their price target on S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Finally, Barclays lifted their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.