Sora Investors LLC Acquires New Holdings in S&P Global Inc. (NYSE:SPGI)

Sora Investors LLC purchased a new stake in S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,143 shares of the business services provider’s stock, valued at approximately $3,557,000.

Several other large investors have also recently modified their holdings of SPGI. Norges Bank bought a new stake in shares of S&P Global in the 4th quarter valued at about $1,725,084,000. Raymond James Financial Inc. acquired a new position in shares of S&P Global in the fourth quarter worth approximately $527,207,000. Proficio Capital Partners LLC boosted its holdings in S&P Global by 71,024.1% in the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock valued at $308,525,000 after acquiring an additional 618,620 shares during the last quarter. Northern Trust Corp increased its position in S&P Global by 19.1% during the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider’s stock valued at $1,631,568,000 after purchasing an additional 525,347 shares during the period. Finally, BlueSpruce Investments LP bought a new position in S&P Global during the 4th quarter worth approximately $178,858,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of analyst reports. UBS Group increased their price objective on shares of S&P Global from $555.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Stifel Nicolaus cut their target price on S&P Global from $629.00 to $603.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Bank of America began coverage on S&P Global in a report on Thursday, April 10th. They issued a “buy” rating and a $600.00 target price for the company. Finally, Mizuho assumed coverage on S&P Global in a report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price objective for the company. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $592.71.

Insider Activity

In other news, EVP Sally Moore sold 500 shares of the business’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 value of $255,215.00. Following the completion of the sale, the executive vice president now directly owns 5,131 shares in the company, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

S&P Global Stock Up 1.5%

Shares of NYSE:SPGI opened at $519.87 on Friday. The firm has a fifty day moving average price of $487.10 and a two-hundred day moving average price of $502.18. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a one year low of $419.49 and a one year high of $545.39. The company 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 issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.23 by $0.14. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $4.01 earnings per share. Analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

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.