S&P Global Inc. (NYSE:SPGI) Shares Bought by GDS Wealth Management

GDS Wealth Management boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 15.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,233 shares of the business services provider’s stock after purchasing an additional 2,752 shares during the quarter. GDS Wealth Management’s holdings in S&P Global were worth $8,913,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Wealthspire Advisors LLC grew its position in S&P Global by 21.7% during the 4th quarter. Wealthspire Advisors LLC now owns 751 shares of the business services provider’s stock worth $331,000 after purchasing an additional 134 shares in the last quarter. Catalyst Financial Partners LLC increased its stake in shares of S&P Global by 5.3% in the 4th quarter. Catalyst Financial Partners LLC now owns 999 shares of the business services provider’s stock valued at $440,000 after buying an additional 50 shares during the period. Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of S&P Global by 8.5% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,246 shares of the business services provider’s stock valued at $549,000 after purchasing an additional 98 shares during the period. National Pension Service grew its holdings in shares of S&P Global by 1.8% in the 4th quarter. National Pension Service now owns 490,821 shares of the business services provider’s stock valued at $216,216,000 after buying an additional 8,732 shares during the period. Finally, Bogart Wealth LLC grew its position in S&P Global by 7.8% in the fourth quarter. Bogart Wealth LLC now owns 10,958 shares of the business services provider’s stock valued at $4,827,000 after purchasing an additional 789 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of recent analyst reports. 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. Erste Group Bank restated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. BMO Capital Markets boosted their target price 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. Barclays raised their price target on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Oppenheimer lifted their price target on S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price of $462.60.

S&P Global Trading Up 0.7 %

SPGI stock traded up $3.08 during trading on Thursday, reaching $432.29. The company had a trading volume of 989,579 shares, compared to its average volume of 1,359,554. The company has a market cap of $135.26 billion, a P/E ratio of 48.46, a PEG ratio of 2.37 and a beta of 1.14. S&P Global Inc. has a 52 week low of $340.49 and a 52 week high of $461.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The business has a 50 day moving average of $422.49 and a 200 day moving average of $421.03.

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

S&P Global Announces Dividend

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

Insider Activity at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

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.