Phraction Management LLC Grows Stock Position in S&P Global Inc. (NYSE:SPGI)

Phraction Management LLC grew its position in S&P Global Inc. (NYSE:SPGI) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,591 shares of the business services provider’s stock after acquiring an additional 28 shares during the quarter. S&P Global accounts for 4.1% of Phraction Management LLC’s portfolio, making the stock its 10th biggest holding. Phraction Management LLC’s holdings in S&P Global were worth $9,952,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SPGI. Valued Wealth Advisors LLC bought a new position in shares of S&P Global during the 4th quarter valued at approximately $28,000. Oliver Lagore Vanvalin Investment Group increased its position in shares of S&P Global by 64.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 25 shares during the last quarter. Fortis Group Advisors LLC bought a new position in shares of S&P Global during the 3rd quarter valued at approximately $33,000. LFA Lugano Financial Advisors SA grew its position in S&P Global by 200.0% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 50 shares during the last quarter. Finally, Asset Dedication LLC bought a new position in S&P Global in the 3rd quarter valued at $35,000. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on SPGI shares. BMO Capital Markets upped 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a research report on Friday, February 9th. Oppenheimer upped 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. Barclays upped 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. Finally, Raymond James upped their target price on S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $462.60.

S&P Global Stock Up 0.3 %

Shares of NYSE SPGI traded up $1.22 during mid-day trading on Wednesday, reaching $417.05. 336,074 shares of the company were exchanged, compared to its average volume of 1,360,651. 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 has a market cap of $130.49 billion, a price-to-earnings ratio of 46.62, a P/E/G ratio of 2.32 and a beta of 1.15. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $461.16. The firm has a 50-day moving average of $423.42 and a 200 day moving average of $418.78.

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, beating analysts’ consensus estimates 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 company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. On average, research analysts expect that S&P Global Inc. will post 14.09 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, June 12th. Stockholders of record on Wednesday, May 29th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.87%. S&P Global’s dividend payout ratio is presently 40.81%.

Insider Activity

In related news, CEO Douglas L. Peterson sold 6,000 shares of the firm’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 sale, the chief executive officer now directly 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 can be accessed through this hyperlink. Corporate 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.