Barden Capital Management Inc. Grows Stake in S&P Global Inc. (NYSE:SPGI)

Barden Capital Management Inc. raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,538 shares of the business services provider’s stock after acquiring an additional 40 shares during the quarter. S&P Global makes up 1.6% of Barden Capital Management Inc.’s portfolio, making the stock its 25th largest holding. Barden Capital Management Inc.’s holdings in S&P Global were worth $1,798,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Brighton Jones LLC increased its position in S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after buying an additional 143 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of S&P Global during the 4th quarter valued at about $144,091,000. Stratos Wealth Advisors LLC grew its stake in shares of S&P Global by 46.9% during the 4th quarter. Stratos Wealth Advisors LLC now owns 896 shares of the business services provider’s stock valued at $446,000 after acquiring an additional 286 shares during the period. Consolidated Portfolio Review Corp increased its holdings in S&P Global by 5.7% in the 4th quarter. Consolidated Portfolio Review Corp now owns 774 shares of the business services provider’s stock worth $385,000 after acquiring an additional 42 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in S&P Global in the 4th quarter worth approximately $49,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SPGI shares. Argus raised shares of S&P Global to a “strong-buy” rating in a report on Friday, May 16th. Stifel Nicolaus lowered their target price 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. Bank of America initiated coverage on shares of S&P Global in a report on Thursday, April 10th. They issued a “buy” rating and a $600.00 target price for the company. Mizuho started coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 target price for the company. Finally, BMO Capital Markets boosted their price objective on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus price target of $592.71.

Insider Activity at S&P Global

In related news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of the transaction, the executive vice president now owns 5,131 shares in the company, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is owned by insiders.

S&P Global Price Performance

NYSE:SPGI opened at $519.58 on Friday. The business’s 50-day moving average is $492.79 and its 200 day moving average is $504.25. S&P Global Inc. has a 12 month low of $425.49 and a 12 month high of $545.39. The company has a market capitalization of $159.36 billion, a P/E ratio of 42.07, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34.

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

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Wednesday, May 28th. S&P Global’s payout ratio is 30.16%.

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.