New Republic Capital LLC Acquires 45 Shares of S&P Global Inc. (NYSE:SPGI)

New Republic Capital LLC raised its holdings in S&P Global Inc. (NYSE:SPGI) by 8.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 609 shares of the business services provider’s stock after buying an additional 45 shares during the quarter. New Republic Capital LLC’s holdings in S&P Global were worth $310,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SPGI. Minot DeBlois Advisors LLC bought a new stake in shares of S&P Global during the fourth quarter valued at approximately $25,000. Anderson Financial Strategies LLC bought a new stake in shares of S&P Global during the fourth quarter valued at approximately $27,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of S&P Global during the first quarter valued at approximately $28,000. CBIZ Investment Advisory Services LLC boosted its position in shares of S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 31 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its position 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 purchasing an additional 38 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Up 0.8%

Shares of NYSE:SPGI opened at $534.98 on Monday. The company has a market cap of $164.08 billion, a P/E ratio of 42.03, a PEG 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 Inc. has a 1 year low of $427.14 and a 1 year high of $545.39. The stock’s fifty day moving average price is $518.48 and its 200-day moving average price is $507.53.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. S&P Global’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.01 earnings per share. Sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Tuesday, August 26th. S&P Global’s dividend payout ratio (DPR) is presently 30.16%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SPGI shares. Wells Fargo & Company lifted their price target on S&P Global from $627.00 to $632.00 and gave the company an “overweight” rating in a research report on Thursday, July 3rd. Morgan Stanley boosted their target price on S&P Global from $587.00 to $595.00 and gave the stock an “overweight” rating in a report on Monday, July 7th. Bank of America started coverage on S&P Global in a report on Thursday, April 10th. They issued a “buy” rating and a $600.00 target price on the stock. Oppenheimer boosted their target price on S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Finally, Stifel Nicolaus dropped their target price on S&P Global from $629.00 to $603.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $601.07.

Insider Buying and Selling

In related 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 transaction of $255,215.00. Following the completion of the sale, the executive vice president owned 5,131 shares in the company, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

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.