Tyche Wealth Partners LLC Invests $265,000 in S&P Global Inc. (NYSE:SPGI)

Tyche Wealth Partners LLC bought a new position in shares of S&P Global Inc. (NYSE:SPGI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 602 shares of the business services provider’s stock, valued at approximately $265,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in S&P Global during the 4th quarter worth approximately $1,112,935,000. Clearbridge Investments LLC grew its stake in S&P Global by 11,089.7% during the 1st quarter. Clearbridge Investments LLC now owns 2,230,227 shares of the business services provider’s stock worth $914,794,000 after buying an additional 2,210,296 shares during the last quarter. Morgan Stanley grew its stake in S&P Global by 49.9% during the 4th quarter. Morgan Stanley now owns 4,318,418 shares of the business services provider’s stock worth $1,446,412,000 after buying an additional 1,437,116 shares during the last quarter. Northern Trust Corp grew its stake in S&P Global by 39.5% during the 1st quarter. Northern Trust Corp now owns 3,727,874 shares of the business services provider’s stock worth $1,529,100,000 after buying an additional 1,056,097 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC grew its stake in S&P Global by 113,163.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,005,777 shares of the business services provider’s stock worth $336,875,000 after buying an additional 1,004,889 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Buying and Selling

In related news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction 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 completion of 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 SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Raymond James raised their price target on S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. BMO Capital Markets lifted their target price on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a research note on Friday, February 9th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $480.00 target price on shares of S&P Global in a research note on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $464.22.

S&P Global Stock Up 0.9 %

SPGI opened at $412.11 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. The business has a 50 day simple moving average of $425.70 and a 200-day simple moving average of $415.27. The stock has a market capitalization of $131.98 billion, a P/E ratio of 50.07, a P/E/G ratio of 2.31 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.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.02). The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.54 earnings per share. On average, equities analysts anticipate that S&P Global Inc. will post 14.03 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 27th were issued a dividend of $0.91 per share. 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. This represents a $3.64 annualized dividend and a yield of 0.88%. S&P Global’s payout ratio is currently 44.23%.

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.