Northstar Advisory Group LLC Acquires Shares of 918 S&P Global Inc. (NYSE:SPGI)

Northstar Advisory Group LLC acquired a new position in S&P Global Inc. (NYSE:SPGI) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 918 shares of the business services provider’s stock, valued at approximately $466,000.

Several other hedge funds have also modified their holdings of the company. Parkside Financial Bank & Trust boosted its position in S&P Global by 2.0% during the fourth 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 in the last quarter. Personal CFO Solutions LLC raised its stake in shares of S&P Global by 3.1% during the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider’s stock worth $336,000 after buying an additional 20 shares during the period. Anfield Capital Management LLC lifted its position in shares of S&P Global by 25.6% during the 4th quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider’s stock valued at $54,000 after buying an additional 22 shares in the last quarter. Invenio Wealth Partners LLC grew its stake in S&P Global by 4.0% in the 4th quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider’s stock valued at $286,000 after acquiring an additional 22 shares during the period. Finally, Retirement Planning Group LLC grew its stake in S&P Global by 0.4% in the 4th quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider’s stock valued at $2,870,000 after acquiring an additional 22 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of research analyst reports. Robert W. Baird reduced their price objective on shares of S&P Global from $616.00 to $589.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. BMO Capital Markets upped their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Stifel Nicolaus decreased their price target on shares of S&P Global from $629.00 to $603.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Mizuho started coverage on S&P Global in a report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price objective on the stock. Finally, Argus upgraded S&P Global to a “strong-buy” rating in a research report on Friday, May 16th. Two 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 stock. According to data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus price target of $592.71.

S&P Global Stock Performance

NYSE SPGI opened at $519.58 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock’s fifty day moving average is $492.79 and its two-hundred day moving average is $504.20. The firm has a market capitalization of $159.36 billion, a P/E ratio of 42.07, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a fifty-two week low of $425.49 and a fifty-two week high of $545.39.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $3.72 billion. During the same quarter in the previous year, the company posted $4.01 EPS. The company’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 Announces Dividend

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

Insider Buying and Selling

In related news, EVP Sally Moore sold 500 shares of the company’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 transaction of $255,215.00. Following the sale, the executive vice president now directly owns 5,131 shares of the company’s stock, valued at $2,619,016.33. This represents a 8.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by corporate insiders.

About S&P Global

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.