S&P Global Inc. (NYSE:SPGI) Shares Sold by PYA Waltman Capital LLC

PYA Waltman Capital LLC lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,331 shares of the business services provider’s stock after selling 91 shares during the period. S&P Global makes up 4.1% of PYA Waltman Capital LLC’s investment portfolio, making the stock its 8th largest position. PYA Waltman Capital LLC’s holdings in S&P Global were worth $9,837,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. D.B. Root & Company LLC raised its position in S&P Global by 3.6% in the fourth quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock valued at $292,000 after purchasing an additional 23 shares during the period. Mayflower Financial Advisors LLC raised its holdings in shares of S&P Global by 3.3% in the 4th quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock valued at $315,000 after buying an additional 23 shares during the period. Allworth Financial LP lifted its stake in S&P Global by 1.8% during the 4th quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock worth $598,000 after acquiring an additional 24 shares in the last quarter. Oakworth Capital Inc. boosted its holdings in S&P Global by 31.2% during the 4th quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 24 shares during the period. Finally, Independence Bank of Kentucky grew its position in S&P Global by 1.7% in the 4th quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock valued at $655,000 after acquiring an additional 25 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Performance

S&P Global stock traded up $0.24 during midday trading on Wednesday, hitting $416.07. 244,730 shares of the company’s stock were exchanged, compared to its average volume of 1,359,737. The firm’s 50 day simple moving average is $423.42 and its 200 day simple moving average is $418.78. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $461.16. 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 stock has a market cap of $130.19 billion, a price-to-earnings ratio of 46.62, a price-to-earnings-growth ratio of 2.32 and a beta of 1.15.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.39 billion. Equities research analysts predict that S&P Global Inc. will post 14.09 EPS for the current year.

S&P Global Announces Dividend

The business 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 annualized dividend and a dividend yield of 0.87%. S&P Global’s dividend payout ratio is presently 40.81%.

Insider Buying and Selling at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the sale, the chief executive officer now directly owns 162,530 shares in the company, valued at $69,032,992.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SPGI. Stifel Nicolaus increased their price target on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a research note on Friday, February 9th. BMO Capital Markets boosted their target price on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Oppenheimer increased their price objective 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. Finally, Raymond James lifted their price objective on shares of S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $462.60.

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.