Darwin Wealth Management LLC Sells 57 Shares of S&P Global Inc. (NYSE:SPGI)

Darwin Wealth Management LLC lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 638 shares of the business services provider’s stock after selling 57 shares during the quarter. Darwin Wealth Management LLC’s holdings in S&P Global were worth $281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fidelis Capital Partners LLC grew its stake in shares of S&P Global by 18.5% in the third quarter. Fidelis Capital Partners LLC now owns 1,409 shares of the business services provider’s stock worth $515,000 after acquiring an additional 220 shares during the last quarter. Arkadios Wealth Advisors grew its stake 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 acquiring an additional 87 shares during the last quarter. Citizens Financial Group Inc. RI grew its stake 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 acquiring an additional 1,115 shares during the last quarter. Handelsinvest Investeringsforvaltning purchased a new stake in shares of S&P Global in the fourth quarter worth $1,644,000. Finally, Aspiriant LLC purchased a new stake in shares of S&P Global in the fourth quarter worth $398,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.7 %

NYSE SPGI traded up $3.08 on Thursday, reaching $432.29. 989,579 shares of the stock traded hands, compared to its average volume of 1,359,554. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The company has a fifty day moving average price of $422.49 and a 200-day moving average price of $421.03. The company has a market cap of $135.26 billion, a price-to-earnings ratio of 48.46, a PEG ratio of 2.37 and a beta of 1.14. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $461.16.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping the consensus estimate of $3.68 by $0.33. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. As a group, research analysts forecast that S&P Global Inc. will post 14.1 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Tuesday, May 28th. S&P Global’s dividend payout ratio is currently 40.81%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SPGI shares. Barclays increased their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. BMO Capital Markets increased their price objective on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Stifel Nicolaus increased their price objective on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a research report on Friday, February 9th. Finally, Oppenheimer increased their price objective on 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 analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $462.60.

Insider Activity at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the transaction, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by corporate insiders.

About S&P Global

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.