Lionshead Wealth Management LLC Takes Position in S&P Global Inc. (NYSE:SPGI)

Lionshead Wealth Management LLC purchased a new stake in S&P Global Inc. (NYSE:SPGI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 458 shares of the business services provider’s stock, valued at approximately $228,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Anderson Financial Strategies LLC purchased a new stake in S&P Global during the fourth quarter worth about $27,000. Human Investing LLC acquired a new position in shares of S&P Global in the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC purchased a new position in S&P Global in the 4th quarter valued at approximately $31,000. Hazlett Burt & Watson Inc. boosted its position in S&P Global by 131.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock valued at $32,000 after buying an additional 38 shares during the period. Finally, Sound Income Strategies LLC boosted its position in S&P Global by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after buying an additional 63 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Sally Moore sold 500 shares of the stock in a transaction 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 represents a 8.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Trading Down 0.0%

NYSE SPGI opened at $507.44 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a 12 month low of $419.49 and a 12 month high of $545.39. The company has a market capitalization of $155.63 billion, a price-to-earnings ratio of 41.09, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The firm’s fifty day moving average price is $486.24 and its 200 day moving average price is $501.59.

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, beating the consensus estimate of $4.23 by $0.14. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the firm posted $4.01 earnings per share. S&P Global’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. BMO Capital Markets increased their price objective on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Mizuho began coverage on S&P Global in a report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price target on the stock. Morgan Stanley boosted their price objective on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus lowered their price objective on S&P Global from $629.00 to $603.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, S&P Global currently 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.