Capital Analysts LLC Has $1.06 Million Stake in S&P Global Inc. (NYSE:SPGI)

Capital Analysts LLC trimmed its holdings in S&P Global Inc. (NYSE:SPGI) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,406 shares of the business services provider’s stock after selling 50 shares during the period. Capital Analysts LLC’s holdings in S&P Global were worth $1,060,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Fidelis Capital Partners LLC lifted its holdings in shares of S&P Global by 18.5% during the 3rd quarter. Fidelis Capital Partners LLC now owns 1,409 shares of the business services provider’s stock worth $515,000 after acquiring an additional 220 shares during the period. Arkadios Wealth Advisors lifted its stake in S&P Global by 6.1% during the fourth quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock worth $671,000 after purchasing an additional 87 shares during the last quarter. Handelsinvest Investeringsforvaltning acquired a new stake in shares of S&P Global in the 4th quarter valued at $1,644,000. Aspiriant LLC bought a new position in shares of S&P Global in the 4th quarter valued at $398,000. Finally, Westfield Capital Management Co. LP increased its stake in shares of S&P Global by 12.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 186,231 shares of the business services provider’s stock valued at $68,051,000 after purchasing an additional 20,153 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Barclays raised 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of S&P Global in a report on Friday, February 9th. Raymond James increased their price objective on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Oppenheimer restated an “outperform” rating and issued a $480.00 target price on shares of S&P Global in a research report on Tuesday, April 2nd. Finally, BMO Capital Markets upped their price target on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $464.22.

Insider Buying and Selling at S&P Global

In other 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 transaction, 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 available through the SEC website. Insiders own 0.10% of the company’s stock.

S&P Global Stock Down 0.2 %

S&P Global stock opened at $408.57 on Wednesday. The company has a market capitalization of $130.85 billion, a PE ratio of 49.64, a PEG ratio of 2.32 and a beta of 1.15. S&P Global Inc. has a 12-month low of $338.92 and a 12-month high of $461.16. The firm’s fifty day moving average is $426.65 and its 200 day moving average is $415.29. 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 (NYSE:SPGI) last announced 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). The company had revenue of $3.15 billion for 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%. S&P Global’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.54 EPS. As a group, sell-side analysts predict that S&P Global Inc. will post 14.02 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th were issued a $0.91 dividend. The ex-dividend date was Monday, February 26th. This represents a $3.64 annualized dividend and a yield of 0.89%. This is a positive change from S&P Global’s previous quarterly dividend of $0.90. S&P Global’s dividend payout ratio is presently 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, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.