1,284 Shares in S&P Global Inc. (NYSE:SPGI) Acquired by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,284 shares of the business services provider’s stock, valued at approximately $566,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BCK Partners Inc. acquired a new position in shares of S&P Global in the 1st quarter valued at approximately $1,969,000. Markel Corp raised its position in shares of S&P Global by 0.8% in the 1st quarter. Markel Corp now owns 149,790 shares of the business services provider’s stock valued at $61,441,000 after purchasing an additional 1,250 shares in the last quarter. Synovus Financial Corp raised its position in shares of S&P Global by 1.6% in the 1st quarter. Synovus Financial Corp now owns 2,239 shares of the business services provider’s stock valued at $919,000 after purchasing an additional 36 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of S&P Global by 115.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,154 shares of the business services provider’s stock valued at $883,000 after purchasing an additional 1,154 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of S&P Global by 12.4% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 736 shares of the business services provider’s stock valued at $302,000 after purchasing an additional 81 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the company’s 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 transaction, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SPGI shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a report on Friday, February 9th. Raymond James boosted their price target on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $446.25.

S&P Global Trading Up 0.6 %

Shares of NYSE SPGI traded up $2.64 during mid-day trading on Thursday, hitting $425.45. 1,872,012 shares of the company traded hands, compared to its average volume of 1,347,815. S&P Global Inc. has a 1 year low of $329.46 and a 1 year high of $461.16. The stock has a market capitalization of $136.25 billion, a price-to-earnings ratio of 51.77, a PEG ratio of 2.39 and a beta of 1.15. 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 business has a 50 day moving average of $433.47 and a two-hundred day moving average of $410.64.

S&P Global (NYSE:SPGI) last announced 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 business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.54 earnings per share. On average, sell-side analysts anticipate that S&P Global Inc. will post 14 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th were given a $0.91 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.90. This represents a $3.64 annualized dividend and a yield of 0.86%. The ex-dividend date was Monday, February 26th. S&P Global’s dividend payout ratio is presently 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, and S&P Dow Jones Indices segments.