Pacer Advisors Inc. Has $9.42 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Pacer Advisors Inc. lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,379 shares of the business services provider’s stock after buying an additional 760 shares during the period. Pacer Advisors Inc.’s holdings in S&P Global were worth $9,418,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SPGI. Norges Bank bought a new position in S&P Global in the fourth quarter valued at about $1,112,935,000. Clearbridge Investments LLC raised its holdings in S&P Global by 11,089.7% in the 1st quarter. Clearbridge Investments LLC now owns 2,230,227 shares of the business services provider’s stock valued at $914,794,000 after buying an additional 2,210,296 shares during the last quarter. Morgan Stanley boosted its position in S&P Global by 49.9% during the 4th quarter. Morgan Stanley now owns 4,318,418 shares of the business services provider’s stock worth $1,446,412,000 after buying an additional 1,437,116 shares during the period. Northern Trust Corp boosted its position in S&P Global by 39.5% during the 1st quarter. Northern Trust Corp now owns 3,727,874 shares of the business services provider’s stock worth $1,529,100,000 after buying an additional 1,056,097 shares during the period. Finally, Moneta Group Investment Advisors LLC raised its stake in shares of S&P Global by 113,163.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,005,777 shares of the business services provider’s stock valued at $336,875,000 after acquiring an additional 1,004,889 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

S&P Global Trading Up 0.8 %

NYSE SPGI opened at $422.81 on Thursday. The stock has a market capitalization of $135.41 billion, a P/E ratio of 51.37, a P/E/G ratio of 2.39 and a beta of 1.15. The business has a 50 day simple moving average of $433.77 and a 200 day simple moving average of $410.55. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. S&P Global Inc. has a one year low of $329.46 and a one year high of $461.16.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.02). S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the business earned $2.54 EPS. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. Research analysts expect that S&P Global Inc. will post 14 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, February 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.86%. This is a positive change from S&P Global’s previous quarterly dividend of $0.90. S&P Global’s dividend payout ratio is currently 44.23%.

Insider Transactions at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the business’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 completion of the sale, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company’s stock.

S&P Global Profile

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.