Realta Investment Advisors Raises Stake in S&P Global Inc. (NYSE:SPGI)

Realta Investment Advisors raised its position in S&P Global Inc. (NYSE:SPGI) by 15.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,680 shares of the business services provider’s stock after purchasing an additional 228 shares during the period. Realta Investment Advisors’ holdings in S&P Global were worth $853,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in S&P Global in the fourth quarter valued at $1,725,084,000. GAMMA Investing LLC increased its holdings in shares of S&P Global by 60,982.3% in the 1st quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider’s stock valued at $1,086,877,000 after acquiring an additional 2,135,599 shares during the last quarter. Northern Trust Corp raised its position in shares of 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 worth $1,631,568,000 after acquiring an additional 525,347 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in S&P Global during the fourth quarter worth approximately $238,503,000. Finally, BlueSpruce Investments LP acquired a new position in S&P Global in the fourth quarter valued at approximately $178,858,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

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 transaction of $255,215.00. Following the sale, the executive vice president directly owned 5,131 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by insiders.

S&P Global Stock Down 0.5%

S&P Global stock opened at $527.05 on Friday. The stock’s 50 day moving average price is $515.64 and its 200 day moving average price is $505.48. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $545.39. The company has a market cap of $161.65 billion, a PE ratio of 41.40, a price-to-earnings-growth ratio of 2.58 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90.

S&P Global (NYSE:SPGI) last issued 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. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned $4.01 EPS. On average, sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global’s dividend payout ratio is currently 30.16%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SPGI. Morgan Stanley raised their price objective on shares of S&P Global from $587.00 to $595.00 and gave the stock an “overweight” rating in a report on Monday, July 7th. Oppenheimer boosted their price target on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. UBS Group raised their price objective on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday. Stifel Nicolaus reduced their target price on S&P Global from $629.00 to $603.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. dropped their price target 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. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $596.79.

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.