Lake Street Advisors Group LLC Purchases New Position in S&P Global Inc (SPGI)

Lake Street Advisors Group LLC purchased a new position in shares of S&P Global Inc (NYSE:SPGI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,535 shares of the business services provider’s stock, valued at approximately $260,000.

Several other hedge funds also recently modified their holdings of the company. Advisor Group Inc. boosted its holdings in S&P Global by 13.1% in the 4th quarter. Advisor Group Inc. now owns 2,401 shares of the business services provider’s stock worth $406,000 after buying an additional 278 shares during the period. Virtu Financial LLC boosted its holdings in S&P Global by 18.4% in the 4th quarter. Virtu Financial LLC now owns 1,837 shares of the business services provider’s stock worth $311,000 after buying an additional 286 shares during the period. Jane Street Group LLC boosted its holdings in S&P Global by 6.7% in the 4th quarter. Jane Street Group LLC now owns 4,540 shares of the business services provider’s stock worth $769,000 after buying an additional 287 shares during the period. HAP Trading LLC boosted its holdings in S&P Global by 1.4% in the 4th quarter. HAP Trading LLC now owns 21,653 shares of the business services provider’s stock worth $3,668,000 after buying an additional 291 shares during the period. Finally, San Francisco Sentry Investment Group CA boosted its holdings in S&P Global by 26.3% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 1,465 shares of the business services provider’s stock worth $248,000 after buying an additional 305 shares during the period. Institutional investors own 85.57% of the company’s stock.

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In other news, insider John L. Berisford sold 15,902 shares of S&P Global stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $192.19, for a total transaction of $3,056,205.38. Following the completion of the sale, the insider now directly owns 25,455 shares of the company’s stock, valued at approximately $4,892,196.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Nancy Luquette sold 890 shares of S&P Global stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $188.53, for a total transaction of $167,791.70. The disclosure for this sale can be found here. Insiders have sold a total of 20,792 shares of company stock valued at $3,973,197 over the last ninety days. 0.20% of the stock is currently owned by insiders.

Shares of SPGI stock opened at $186.49 on Friday. S&P Global Inc has a fifty-two week low of $127.60 and a fifty-two week high of $197.76. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 4.13. The stock has a market cap of $48,007.41, a price-to-earnings ratio of 32.26, a PEG ratio of 1.53 and a beta of 1.41.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.22. S&P Global had a net margin of 24.69% and a return on equity of 199.44%. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm posted $1.28 EPS. The firm’s revenue was up 13.6% compared to the same quarter last year. research analysts predict that S&P Global Inc will post 8.52 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Monday, February 26th were issued a dividend of $0.50 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.41. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Friday, February 23rd. S&P Global’s payout ratio is currently 34.60%.

Several research analysts recently commented on SPGI shares. Barclays reaffirmed an “overweight” rating and issued a $190.00 price objective (up from $185.00) on shares of S&P Global in a report on Friday, December 15th. Stifel Nicolaus started coverage on shares of S&P Global in a report on Tuesday, December 19th. They issued a “hold” rating and a $186.00 price target for the company. Zacks Investment Research downgraded shares of S&P Global from a “buy” rating to a “hold” rating and set a $188.00 price target for the company. in a report on Friday, January 5th. Piper Jaffray Companies raised their price target on shares of S&P Global from $150.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, January 10th. Finally, Nomura started coverage on shares of S&P Global in a report on Thursday, January 11th. They issued a “neutral” rating and a $160.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. S&P Global currently has a consensus rating of “Buy” and a consensus price target of $190.36.

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S&P Global Profile

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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