Gateway Investment Advisers LLC Increases Stake in S&P Global Inc. (NYSE:SPGI)

Gateway Investment Advisers LLC boosted its stake in S&P Global Inc. (NYSE:SPGI) by 0.2% during the first quarter, Holdings Channel.com reports. The firm owned 21,996 shares of the business services provider’s stock after buying an additional 48 shares during the period. Gateway Investment Advisers LLC’s holdings in S&P Global were worth $11,176,000 at the end of the most recent quarter.

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

S&P Global Price Performance

Shares of SPGI stock opened at $519.58 on Friday. The stock has a market cap of $159.36 billion, a price-to-earnings ratio of 42.07, a PEG ratio of 2.41 and a beta of 1.20. The business’s fifty day moving average is $492.79 and its 200 day moving average is $504.25. S&P Global Inc. has a twelve month low of $425.49 and a twelve month high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

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

S&P Global Announces Dividend

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

Insiders Place Their Bets

In other S&P Global news, EVP Sally Moore sold 500 shares of the business’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 of the company’s stock, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Mizuho assumed coverage on S&P Global in a research note on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price on the stock. BMO Capital Markets boosted their target price on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. reduced their target price on S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Robert W. Baird reduced their target price on S&P Global from $616.00 to $589.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Finally, UBS Group boosted their target price on S&P Global from $555.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.