S&P Global Inc. (NYSE:SPGI) Shares Purchased by Cutler Investment Counsel LLC

Cutler Investment Counsel LLC boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 111.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,693 shares of the business services provider’s stock after acquiring an additional 4,584 shares during the quarter. Cutler Investment Counsel LLC’s holdings in S&P Global were worth $3,829,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SPGI. Valued Wealth Advisors LLC purchased a new position in shares of S&P Global in the fourth quarter valued at $28,000. Oliver Lagore Vanvalin Investment Group increased its position in 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 worth $28,000 after purchasing an additional 25 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in S&P Global during the 3rd quarter worth about $25,000. LFA Lugano Financial Advisors SA increased its position in 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 worth $33,000 after purchasing an additional 50 shares in the last quarter. Finally, Harbour Investments Inc. increased its position in S&P Global by 45.8% during the 3rd quarter. Harbour Investments Inc. now owns 86 shares of the business services provider’s stock worth $31,000 after purchasing an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SPGI shares. BMO Capital Markets lifted their price objective on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. 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. Barclays raised their price target on 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, Stifel Nicolaus decreased their price target on S&P Global from $460.00 to $442.00 and set a “buy” rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $462.00.

S&P Global Trading Down 0.3 %

Shares of NYSE SPGI traded down $1.28 during midday trading on Friday, hitting $412.09. The stock had a trading volume of 548,849 shares, compared to its average volume of 1,299,634. The company has a market capitalization of $131.98 billion, a price-to-earnings ratio of 50.23, a PEG ratio of 2.32 and a beta of 1.15. S&P Global Inc. has a 1-year low of $338.92 and a 1-year high of $461.16. 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 company has a fifty day moving average price of $425.23 and a 200 day moving average price of $415.25.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.15 by ($0.02). The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.54 earnings per share. On average, analysts predict that S&P Global Inc. will post 14.08 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th were paid 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 dividend yield of 0.88%. The ex-dividend date of this dividend was Monday, February 26th. S&P Global’s payout ratio is currently 44.23%.

Insider Buying and Selling

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 stock was sold at an average price of $424.74, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

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.