S&P Global Inc. (NYSE:SPGI) Holdings Boosted by Valley Forge Capital Management LP

Valley Forge Capital Management LP raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,755,098 shares of the business services provider’s stock after purchasing an additional 49,200 shares during the quarter. S&P Global accounts for 19.3% of Valley Forge Capital Management LP’s investment portfolio, making the stock its 2nd biggest holding. Valley Forge Capital Management LP’s holdings in S&P Global were worth $874,091,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SPGI. Parkside Financial Bank & Trust increased its position in S&P Global by 2.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock worth $515,000 after purchasing an additional 20 shares during the last quarter. Personal CFO Solutions LLC raised its position in S&P Global by 3.1% during the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider’s stock valued at $336,000 after acquiring an additional 20 shares in the last quarter. Anfield Capital Management LLC lifted its stake in S&P Global by 25.6% in the fourth quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 22 shares during the last quarter. Invenio Wealth Partners LLC increased its stake in shares of S&P Global by 4.0% during the 4th quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider’s stock worth $286,000 after purchasing an additional 22 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in shares of S&P Global by 4.5% in the 4th quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider’s stock valued at $265,000 after purchasing an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insiders Place Their Bets

In other S&P Global news, EVP Sally Moore sold 500 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, the executive vice president now directly owns 5,131 shares in the company, valued at $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.10% of the company’s stock.

S&P Global Stock Up 0.3%

SPGI stock opened at $523.89 on Tuesday. The business’s 50-day simple moving average is $488.84 and its 200 day simple moving average is $502.98. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The company has a market cap of $160.68 billion, a PE ratio of 42.42, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a twelve month low of $419.49 and a twelve month high of $545.39.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.23 by $0.14. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the company earned $4.01 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. On average, research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.73%. The ex-dividend date is Wednesday, May 28th. S&P Global’s dividend payout ratio (DPR) is presently 30.16%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SPGI shares. Stifel Nicolaus decreased their price objective on shares of S&P Global from $629.00 to $603.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. BMO Capital Markets boosted their target price on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Mizuho initiated 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. Finally, Morgan Stanley lifted their price target on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus 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.