Scissortail Wealth Management LLC Makes New Investment in S&P Global Inc. (NYSE:SPGI)

Scissortail Wealth Management LLC bought a new position in S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 482 shares of the business services provider’s stock, valued at approximately $217,000.

Other large investors have also added to or reduced their stakes in the company. Fidelis Capital Partners LLC grew its stake in shares of S&P Global by 18.5% during the third 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 last quarter. Arkadios Wealth Advisors grew its stake in shares of 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 acquiring an additional 87 shares during the last quarter. Handelsinvest Investeringsforvaltning purchased a new stake in shares of S&P Global during the fourth quarter worth about $1,644,000. Aspiriant LLC purchased a new stake in shares of S&P Global during the fourth quarter worth about $398,000. Finally, Westfield Capital Management Co. LP grew its stake in shares of S&P Global by 12.1% during the third quarter. Westfield Capital Management Co. LP now owns 186,231 shares of the business services provider’s stock worth $68,051,000 after acquiring an additional 20,153 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

Shares of SPGI stock traded down $1.00 during trading hours on Wednesday, hitting $408.56. 1,058,852 shares of the company’s stock were exchanged, compared to its average volume of 1,224,425. 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 firm has a market cap of $130.85 billion, a P/E ratio of 49.64, a P/E/G ratio of 2.32 and a beta of 1.15. The firm has a 50 day moving average of $426.65 and a two-hundred day moving average of $415.29. S&P Global Inc. has a fifty-two week low of $338.92 and a fifty-two week high of $461.16.

S&P Global (NYSE:SPGI) last posted 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). S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the company posted $2.54 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Sell-side analysts forecast that S&P Global Inc. will post 14.02 EPS for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th were given a $0.91 dividend. The ex-dividend date was Monday, February 26th. This represents a $3.64 dividend on an annualized basis 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 (DPR) is currently 44.23%.

Insider Buying and Selling at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction dated 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 sale, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SPGI shares. BMO Capital Markets upped their target price on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a research report on Friday, February 9th. Barclays upped their target price on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Raymond James upped their price objective 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. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $464.22.

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.