Twinbeech Capital LP Sells 50,510 Shares of S&P Global Inc. (NYSE:SPGI)

Twinbeech Capital LP decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 97.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,141 shares of the business services provider’s stock after selling 50,510 shares during the period. Twinbeech Capital LP’s holdings in S&P Global were worth $568,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Minot DeBlois Advisors LLC bought a new position in S&P Global during the 4th quarter valued at approximately $25,000. Anderson Financial Strategies LLC bought a new position in S&P Global during the 4th quarter valued at approximately $27,000. Human Investing LLC bought a new position in S&P Global during the 4th quarter valued at approximately $30,000. Noble Wealth Management PBC bought a new position in S&P Global during the 4th quarter valued at approximately $31,000. Finally, Hazlett Burt & Watson Inc. raised its position in S&P Global by 131.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

S&P Global stock opened at $511.46 on Friday. 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 capitalization of $156.86 billion, a P/E ratio of 41.41, a PEG ratio of 2.41 and a beta of 1.23. The stock’s 50 day moving average is $490.51 and its 200 day moving average is $503.34. 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 the consensus estimate 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 quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.01 EPS. On average, equities research 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be paid a $0.96 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. S&P Global’s payout ratio is currently 30.16%.

Insider Buying and Selling

In other S&P Global news, EVP Sally Moore sold 500 shares of the stock in a transaction on Monday, May 5th. The stock was 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 trade represents a 8.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of recent analyst reports. Wall Street Zen lowered S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Bank of America initiated coverage on S&P Global in a research report on Thursday, April 10th. They issued a “buy” rating and a $600.00 target price for the company. Stifel Nicolaus decreased their target price on S&P Global from $629.00 to $603.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Evercore ISI increased their target price on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, Argus raised S&P Global to a “strong-buy” rating in a research report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $592.71.

S&P Global Company 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.