West Family Investments Inc. Buys 61 Shares of S&P Global Inc. (NYSE:SPGI)

West Family Investments Inc. raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,020 shares of the business services provider’s stock after acquiring an additional 61 shares during the quarter. West Family Investments Inc.’s holdings in S&P Global were worth $449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fidelis Capital Partners LLC raised its holdings in S&P Global by 18.5% during the 3rd quarter. Fidelis Capital Partners LLC now owns 1,409 shares of the business services provider’s stock valued at $515,000 after acquiring an additional 220 shares during the period. Arkadios Wealth Advisors increased its holdings in shares of S&P Global by 6.1% in the fourth quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock worth $671,000 after purchasing an additional 87 shares during the period. Handelsinvest Investeringsforvaltning bought a new position in shares of S&P Global in the fourth quarter worth $1,644,000. Citizens Financial Group Inc. RI increased its holdings in shares of S&P Global by 54.2% in the fourth quarter. Citizens Financial Group Inc. RI now owns 3,172 shares of the business services provider’s stock worth $1,397,000 after purchasing an additional 1,115 shares during the period. Finally, Aspiriant LLC bought a new position in shares of S&P Global in the fourth quarter worth $398,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. BMO Capital Markets upped their target price on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a research report on Friday, February 9th. Raymond James upped their price target on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Finally, Oppenheimer upped their price target on shares of S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $462.60.

Insiders Place Their Bets

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the transaction, the chief executive officer now owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

S&P Global Stock Down 0.8 %

Shares of NYSE SPGI traded down $3.36 during midday trading on Thursday, reaching $412.84. 405,581 shares of the company’s stock traded hands, compared to its average volume of 1,358,220. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock’s 50 day simple moving average is $423.26 and its 200-day simple moving average is $418.76. S&P Global Inc. has a one year low of $340.49 and a one year high of $461.16. The company has a market cap of $129.18 billion, a price-to-earnings ratio of 46.66, a P/E/G ratio of 2.32 and a beta of 1.14.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. On average, analysts predict that S&P Global Inc. will post 14.1 EPS 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 12th. Shareholders of record on Wednesday, May 29th will be issued a $0.91 dividend. The ex-dividend date is Wednesday, May 29th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.88%. S&P Global’s dividend payout ratio is currently 40.81%.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.