935 Shares in S&P Global Inc. (NYSE:SPGI) Bought by Berry Wealth Group LP

Berry Wealth Group LP purchased a new position in S&P Global Inc. (NYSE:SPGI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 935 shares of the business services provider’s stock, valued at approximately $412,000.

Other large investors have also added to or reduced their stakes in the company. Valued Wealth Advisors LLC bought a new stake in S&P Global in the 4th quarter worth $28,000. Oliver Lagore Vanvalin Investment Group boosted its stake in shares of 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 valued at $28,000 after purchasing an additional 25 shares in the last quarter. LFA Lugano Financial Advisors SA boosted its stake in shares of S&P Global by 200.0% during 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 in the last quarter. MCF Advisors LLC boosted its stake in shares of S&P Global by 141.7% during the 4th quarter. MCF Advisors LLC now owns 87 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 51 shares in the last quarter. Finally, Fortis Group Advisors LLC bought a new stake in shares of S&P Global during the 3rd quarter valued at about $33,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.1 %

S&P Global stock traded up $0.27 during trading hours on Wednesday, hitting $416.10. The stock had a trading volume of 382,338 shares, compared to its average volume of 1,361,100. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $130.20 billion, a P/E ratio of 46.62, a price-to-earnings-growth ratio of 2.32 and a beta of 1.15. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $461.16. The stock’s 50-day moving average price is $423.42 and its 200-day moving average price is $418.78.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.33. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. Equities research analysts anticipate that S&P Global Inc. will post 14.09 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed 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. This represents a $3.64 annualized dividend and a dividend yield of 0.87%. S&P Global’s payout ratio is 40.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SPGI shares. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Raymond James boosted their price objective on shares of S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Stifel Nicolaus boosted their price objective on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Barclays boosted their price objective on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Oppenheimer boosted their price objective on shares of S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $462.60.

Insider Activity

In related news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the sale, the chief executive officer now directly owns 162,530 shares in the company, valued at $69,032,992.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is owned by corporate insiders.

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.