Snowden Capital Advisors LLC Boosts Holdings in S&P Global Inc. (NYSE:SPGI)

Snowden Capital Advisors LLC grew its stake in S&P Global Inc. (NYSE:SPGI) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,628 shares of the business services provider’s stock after purchasing an additional 283 shares during the quarter. S&P Global makes up 0.7% of Snowden Capital Advisors LLC’s holdings, making the stock its 21st biggest position. Snowden Capital Advisors LLC’s holdings in S&P Global were worth $21,728,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Minot DeBlois Advisors LLC purchased a new position in shares of S&P Global in the fourth quarter worth about $25,000. Anderson Financial Strategies LLC purchased a new position in S&P Global in the 4th quarter worth approximately $27,000. Human Investing LLC purchased a new position in S&P Global in the 4th quarter worth approximately $30,000. Noble Wealth Management PBC acquired a new position in shares of S&P Global during the 4th quarter worth approximately $31,000. Finally, Hazlett Burt & Watson Inc. grew its position in shares of S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 1.5%

Shares of NYSE SPGI opened at $519.87 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $487.10 and its two-hundred day moving average is $502.18. S&P Global Inc. has a 52-week low of $419.49 and a 52-week high of $545.39. The firm has a market cap of $159.44 billion, a price-to-earnings ratio of 42.09, a PEG ratio of 2.41 and a beta of 1.23.

S&P Global (NYSE:SPGI) last posted 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 return on equity of 14.33% and a net margin of 27.12%. The firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the business earned $4.01 EPS. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. Research analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

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

Insider Activity

In other S&P Global news, EVP Sally Moore sold 500 shares of the company’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following 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 through this link. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on SPGI. Evercore ISI increased their price target on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. BMO Capital Markets lifted their price target on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Wells Fargo & Company lifted their target price on shares of S&P Global from $607.00 to $627.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 30th. Finally, Morgan Stanley boosted their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price of $592.71.

About S&P Global

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.