Breakwater Capital Group Purchases New Shares in S&P Global Inc. (NYSE:SPGI)

Breakwater Capital Group acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 623 shares of the business services provider’s stock, valued at approximately $317,000.

Several other institutional investors have also bought and sold shares of the business. Chatham Capital Group Inc. lifted its stake in shares of S&P Global by 3.4% in the 1st quarter. Chatham Capital Group Inc. now owns 4,549 shares of the business services provider’s stock valued at $2,311,000 after purchasing an additional 149 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in S&P Global by 31.4% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,219 shares of the business services provider’s stock valued at $3,160,000 after buying an additional 1,485 shares during the period. Lake Street Private Wealth LLC raised its holdings in S&P Global by 12.1% during the 1st quarter. Lake Street Private Wealth LLC now owns 463 shares of the business services provider’s stock valued at $235,000 after buying an additional 50 shares during the period. TrueWealth Advisors LLC bought a new stake in S&P Global in the first quarter worth $338,000. Finally, Heritage Family Offices LLP boosted its stake in S&P Global by 3.6% during the first quarter. Heritage Family Offices LLP now owns 1,152 shares of the business services provider’s stock worth $585,000 after buying an additional 40 shares during the period. Institutional investors own 87.17% of the company’s stock.

Insider Transactions at S&P Global

In related news, EVP Sally Moore sold 500 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 5,131 shares in the company, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

S&P Global Price Performance

Shares of SPGI opened at $519.58 on Friday. The company has a 50 day moving average of $492.79 and a two-hundred day moving average of $504.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a twelve month low of $425.49 and a twelve month high of $545.39. The company has a market cap of $159.36 billion, a price-to-earnings ratio of 42.07, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.

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. The firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.01 earnings per share. As a group, analysts predict 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 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 dividend payout ratio (DPR) is 30.16%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SPGI. BMO Capital Markets increased their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Wells Fargo & Company raised their price objective 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. Mizuho assumed coverage on S&P Global in a research report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price for the company. Wall Street Zen cut S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Robert W. Baird decreased their price target on S&P Global from $616.00 to $589.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $592.71.

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.