Values First Advisors Inc. purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 530 shares of the business services provider’s stock, valued at approximately $233,000.
Several other hedge funds also recently modified their holdings of the company. Ritholtz Wealth Management grew its holdings in shares of S&P Global by 3.7% in the 4th quarter. Ritholtz Wealth Management now owns 5,970 shares of the business services provider’s stock worth $2,630,000 after acquiring an additional 213 shares during the last quarter. Trueblood Wealth Management LLC acquired a new position in shares of S&P Global in the 4th quarter worth $566,000. WASHINGTON TRUST Co grew its holdings in shares of S&P Global by 0.9% during the fourth quarter. WASHINGTON TRUST Co now owns 46,018 shares of the business services provider’s stock valued at $20,272,000 after buying an additional 399 shares in the last quarter. Procyon Advisors LLC boosted its position in S&P Global by 13.4% during the 4th quarter. Procyon Advisors LLC now owns 1,145 shares of the business services provider’s stock worth $505,000 after acquiring an additional 135 shares during the period. Finally, Highland Capital Management LLC grew its stake in S&P Global by 0.6% during the 4th quarter. Highland Capital Management LLC now owns 12,417 shares of the business services provider’s stock valued at $5,470,000 after acquiring an additional 70 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other S&P Global 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 value of $2,548,440.00. Following the completion of the transaction, the chief executive officer now owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Report on SPGI
S&P Global Stock Up 0.5 %
Shares of NYSE:SPGI traded up $2.10 on Thursday, reaching $424.91. The company had a trading volume of 1,881,566 shares, compared to its average volume of 1,347,971. S&P Global Inc. has a twelve month low of $329.46 and a twelve month high of $461.16. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $136.08 billion, a P/E ratio of 51.77, a P/E/G ratio of 2.39 and a beta of 1.15. The stock has a 50-day moving average price of $433.47 and a 200 day moving average price of $410.64.
S&P Global (NYSE:SPGI – Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.15 by ($0.02). S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the firm posted $2.54 EPS. S&P Global’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts expect that S&P Global Inc. will post 14 EPS for the current year.
S&P Global Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 27th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Monday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.90. S&P Global’s payout ratio is currently 44.23%.
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, and S&P Dow Jones Indices segments.
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