3,180 Shares in S&P Global Inc. (NYSE:SPGI) Purchased by Algert Global LLC

Algert Global LLC purchased a new stake in S&P Global Inc. (NYSE:SPGI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,180 shares of the business services provider’s stock, valued at approximately $1,584,000.

Several other hedge funds have also recently bought and sold shares of the stock. Eastern Bank raised its stake in S&P Global by 3.1% in the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock worth $24,980,000 after purchasing an additional 1,530 shares in the last quarter. Wealthfront Advisers LLC boosted its stake in shares of S&P Global by 19.1% in the fourth quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider’s stock valued at $18,799,000 after buying an additional 6,051 shares during the period. Synergy Asset Management LLC grew its position in S&P Global by 110.8% during the fourth quarter. Synergy Asset Management LLC now owns 23,868 shares of the business services provider’s stock worth $12,066,000 after buying an additional 12,547 shares in the last quarter. Miracle Mile Advisors LLC increased its stake in S&P Global by 50.0% during the 4th quarter. Miracle Mile Advisors LLC now owns 21,496 shares of the business services provider’s stock worth $10,705,000 after acquiring an additional 7,170 shares during the period. Finally, James Hambro & Partners LLP raised its holdings in S&P Global by 0.9% in the 4th quarter. James Hambro & Partners LLP now owns 217,029 shares of the business services provider’s stock valued at $108,173,000 after acquiring an additional 1,899 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Sally Moore sold 500 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the sale, the executive vice president now owns 5,131 shares in the company, valued at $2,619,016.33. This trade represents a 8.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

S&P Global Price Performance

Shares of NYSE SPGI opened at $507.44 on Friday. The company has a market capitalization of $155.63 billion, a PE ratio of 41.09, a P/E/G ratio of 2.41 and a beta of 1.23. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a twelve month low of $419.49 and a twelve month high of $545.39. The firm has a fifty day simple moving average of $486.24 and a 200 day simple moving average of $501.60.

S&P Global (NYSE:SPGI) last announced 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 company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $4.01 EPS. On average, sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global’s dividend payout ratio (DPR) is presently 30.16%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SPGI shares. Bank of America started coverage on S&P Global in a report on Thursday, April 10th. They set a “buy” rating and a $600.00 target price on the stock. Wells Fargo & Company raised their target price on shares of S&P Global from $607.00 to $627.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. BMO Capital Markets upped their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Stifel Nicolaus decreased their price objective on shares of S&P Global from $629.00 to $603.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Finally, Mizuho started coverage on S&P Global in a research note on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price for the company. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $592.71.

S&P Global Company 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.