3,830 Shares in S&P Global Inc. (NYSE:SPGI) Purchased by Principal Securities Inc.

Principal Securities Inc. purchased a new stake in S&P Global Inc. (NYSE:SPGI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,830 shares of the business services provider’s stock, valued at approximately $1,687,000.

Other large investors have also recently modified their holdings of the company. D.B. Root & Company LLC grew its position in shares of S&P Global by 3.6% in the 4th quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock worth $292,000 after buying an additional 23 shares during the last quarter. Mayflower Financial Advisors LLC increased its position in shares of S&P Global by 3.3% during the fourth quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock worth $315,000 after purchasing an additional 23 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of S&P Global by 1.8% during the 4th quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock valued at $598,000 after purchasing an additional 24 shares during the last quarter. Oakworth Capital Inc. boosted its position in shares of S&P Global by 31.2% in the 4th quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock worth $44,000 after purchasing an additional 24 shares in the last quarter. Finally, Independence Bank of Kentucky grew its stake in S&P Global by 1.7% during the 4th quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock worth $655,000 after buying an additional 25 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE SPGI opened at $431.57 on Friday. The stock has a fifty day simple moving average of $422.57 and a 200-day simple moving average of $421.10. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock has a market cap of $135.04 billion, a PE ratio of 48.37, a P/E/G ratio of 2.41 and a beta of 1.14. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $461.16.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. Equities analysts anticipate that S&P Global Inc. will post 14.1 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Tuesday, May 28th. S&P Global’s dividend payout ratio is currently 40.81%.

Insider Activity at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the sale, the chief executive officer now owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of recent analyst reports. Stifel Nicolaus lifted their target price on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. BMO Capital Markets upped their target price on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a research note on Friday, February 9th. Finally, Oppenheimer boosted their price target on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus target price of $467.89.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.