S&P Global Inc. (NYSE:SPGI) Shares Bought by Waverly Advisors LLC

Waverly Advisors LLC grew its holdings in S&P Global Inc. (NYSE:SPGI) by 126.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,273 shares of the business services provider’s stock after acquiring an additional 2,389 shares during the quarter. Waverly Advisors LLC’s holdings in S&P Global were worth $2,128,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Minot DeBlois Advisors LLC purchased a new stake in S&P Global during the 4th quarter valued at approximately $25,000. Anderson Financial Strategies LLC acquired a new position in shares of S&P Global in the fourth quarter valued at approximately $27,000. Human Investing LLC purchased a new stake in shares of S&P Global during the fourth quarter worth approximately $30,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global during the fourth quarter worth $31,000. Finally, Hazlett Burt & Watson Inc. grew its position in S&P Global by 131.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock valued at $32,000 after buying an additional 38 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 0.2%

SPGI opened at $511.46 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $156.86 billion, a price-to-earnings ratio of 41.41, a PEG ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a one year low of $419.49 and a one year high of $545.39. The business’s fifty day moving average is $490.51 and its two-hundred day moving average is $503.34.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.23 by $0.14. The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.01 EPS. Analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be given a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. S&P Global’s dividend payout ratio is presently 30.16%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of S&P Global from $555.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. reduced their price objective on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Wells Fargo & Company boosted their target price on S&P Global from $607.00 to $627.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 30th. BMO Capital Markets raised their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, Robert W. Baird decreased their price target on S&P Global from $616.00 to $589.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $592.71.

Insider Transactions at S&P Global

In other news, EVP Sally Moore sold 500 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, the executive vice president now directly owns 5,131 shares in the company, valued at $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.