S&P Global Inc. (NYSE:SPGI) Shares Bought by WBI Investments LLC

WBI Investments LLC grew its position in S&P Global Inc. (NYSE:SPGI) by 38.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,623 shares of the business services provider’s stock after buying an additional 1,001 shares during the quarter. WBI Investments LLC’s holdings in S&P Global were worth $1,804,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brookstone Capital Management purchased a new stake in shares of S&P Global in the 4th quarter valued at approximately $272,000. Wedge Capital Management L L P NC boosted its stake in S&P Global by 4.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider’s stock worth $265,000 after purchasing an additional 23 shares during the period. HB Wealth Management LLC raised its stake in S&P Global by 22.6% during the 4th quarter. HB Wealth Management LLC now owns 7,542 shares of the business services provider’s stock valued at $3,756,000 after acquiring an additional 1,391 shares during the last quarter. Ameritas Advisory Services LLC grew its stake in shares of S&P Global by 96.6% in the 4th quarter. Ameritas Advisory Services LLC now owns 1,056 shares of the business services provider’s stock valued at $526,000 after purchasing an additional 519 shares during the last quarter. Finally, Smith Salley Wealth Management grew its stake in shares of S&P Global by 0.6% in the 4th quarter. Smith Salley Wealth Management now owns 37,079 shares of the business services provider’s stock valued at $18,466,000 after purchasing an additional 238 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SPGI shares. Bank of America began coverage on shares of S&P Global in a research report on Thursday, April 10th. They issued a “buy” rating and a $600.00 price objective on the stock. Mizuho assumed coverage on shares of S&P Global in a report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price for the company. Stifel Nicolaus dropped their price target 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. Evercore ISI upped their price objective on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, Morgan Stanley increased their price objective on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $592.71.

S&P Global Trading Up 0.6%

NYSE:SPGI opened at $522.36 on Monday. The stock has a market cap of $160.21 billion, a price-to-earnings ratio of 42.30, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a one year low of $419.49 and a one year high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The business’s 50-day simple moving average is $487.94 and its 200 day simple moving average is $502.70.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $4.01 EPS. As a group, sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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

Insider Buying and Selling at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction on Monday, May 5th. The shares were 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 of the company’s stock, valued at $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.10% of the stock is currently owned by insiders.

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.