S&P Global Inc (SPGI) Position Raised by Captrust Financial Advisors

Captrust Financial Advisors boosted its position in S&P Global Inc (NYSE:SPGI) by 43.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,080 shares of the business services provider’s stock after purchasing an additional 939 shares during the period. Captrust Financial Advisors’ holdings in S&P Global were worth $523,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Cerebellum GP LLC bought a new position in S&P Global in the 4th quarter valued at about $256,000. Retirement Systems of Alabama raised its holdings in S&P Global by 1.3% in the 4th quarter. Retirement Systems of Alabama now owns 146,993 shares of the business services provider’s stock valued at $24,980,000 after acquiring an additional 1,922 shares during the period. Janney Montgomery Scott LLC raised its holdings in S&P Global by 8.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 21,600 shares of the business services provider’s stock valued at $4,221,000 after acquiring an additional 1,645 shares during the period. LPL Financial LLC increased its holdings in shares of S&P Global by 5.4% during the third quarter. LPL Financial LLC now owns 17,761 shares of the business services provider’s stock worth $3,470,000 after purchasing an additional 914 shares during the period. Finally, Legal & General Group Plc increased its holdings in shares of S&P Global by 2.5% during the third quarter. Legal & General Group Plc now owns 1,183,247 shares of the business services provider’s stock worth $231,347,000 after purchasing an additional 29,114 shares during the period. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SPGI opened at $201.60 on Friday. S&P Global Inc has a 12 month low of $156.68 and a 12 month high of $217.31. The company has a market cap of $49.65 billion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 1.24 and a beta of 1.16. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 5.35.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, February 7th. The business services provider reported $2.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.02. S&P Global had a net margin of 31.30% and a return on equity of 367.09%. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same period last year, the firm earned $1.85 earnings per share. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. As a group, equities analysts predict that S&P Global Inc will post 9.04 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 26th were given a dividend of $0.57 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, February 25th. This represents a $2.28 annualized dividend and a dividend yield of 1.13%. S&P Global’s dividend payout ratio (DPR) is currently 26.82%.

SPGI has been the topic of several recent research reports. UBS Group lowered their target price on shares of S&P Global from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, January 8th. ValuEngine raised shares of S&P Global from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. Morgan Stanley set a $193.00 target price on shares of S&P Global and gave the stock a “hold” rating in a report on Wednesday, January 23rd. Zacks Investment Research raised shares of S&P Global from a “sell” rating to a “hold” rating in a report on Monday, February 18th. Finally, Raymond James lowered their target price on shares of S&P Global from $215.00 to $209.00 and set an “outperform” rating on the stock in a report on Tuesday, January 8th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $205.40.

In related news, CEO Alexander Matturri, Jr. sold 1,791 shares of the stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $195.74, for a total transaction of $350,570.34. Following the sale, the chief executive officer now owns 17,354 shares in the company, valued at approximately $3,396,871.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John L. Berisford sold 9,669 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $202.22, for a total transaction of $1,955,265.18. Following the sale, the insider now owns 26,344 shares in the company, valued at approximately $5,327,283.68. The disclosure for this sale can be found here. Insiders have sold a total of 17,251 shares of company stock worth $3,437,289 in the last quarter. 0.20% of the stock is currently owned by company insiders.

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S&P Global Profile

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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