Veracity Capital LLC Buys 41 Shares of S&P Global Inc. (NYSE:SPGI)

Veracity Capital LLC increased its position in S&P Global Inc. (NYSE:SPGIFree Report) by 6.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 683 shares of the business services provider’s stock after acquiring an additional 41 shares during the quarter. Veracity Capital LLC’s holdings in S&P Global were worth $301,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SPGI. D.B. Root & Company LLC raised its holdings in shares of S&P Global by 3.6% in the 4th quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock valued at $292,000 after acquiring an additional 23 shares in the last quarter. Mayflower Financial Advisors LLC raised its stake in S&P Global by 3.3% in the fourth quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock valued at $315,000 after purchasing an additional 23 shares in the last quarter. GSG Advisors LLC lifted its position in S&P Global by 1.2% during the fourth quarter. GSG Advisors LLC now owns 2,277 shares of the business services provider’s stock valued at $979,000 after purchasing an additional 26 shares during the last quarter. Sunflower Bank N.A. grew its stake in S&P Global by 1.5% in the 4th quarter. Sunflower Bank N.A. now owns 1,727 shares of the business services provider’s stock worth $761,000 after buying an additional 26 shares in the last quarter. Finally, Hohimer Wealth Management LLC grew its stake in S&P Global by 1.1% in the 3rd quarter. Hohimer Wealth Management LLC now owns 2,457 shares of the business services provider’s stock worth $898,000 after buying an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 0.7 %

Shares of S&P Global stock traded down $3.02 during midday trading on Tuesday, reaching $424.07. 126,692 shares of the company’s stock traded hands, compared to its average volume of 1,332,631. The stock has a 50 day moving average of $432.50 and a 200-day moving average of $411.52. S&P Global Inc. has a 12 month low of $329.46 and a 12 month high of $461.16. The company has a market cap of $135.81 billion, a PE ratio of 51.55, a price-to-earnings-growth ratio of 2.43 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84.

S&P Global (NYSE:SPGIGet Free Report) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.02). S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the company posted $2.54 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities analysts expect that S&P Global Inc. will post 14 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Monday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.90. S&P Global’s dividend payout ratio (DPR) is presently 44.23%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SPGI. 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 report on Tuesday, January 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of S&P Global in a research note on Friday, February 9th. Finally, 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. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $450.33.

Check Out Our Latest Research Report on SPGI

Insider Activity at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of the company’s 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 sale, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Profile

(Free Report)

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, and S&P Dow Jones Indices segments.

See Also

Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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