S&P Global Inc. (NYSE:SPGI) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp increased its position in S&P Global Inc. (NYSE:SPGI) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,908 shares of the business services provider’s stock after acquiring an additional 237 shares during the period. Van ECK Associates Corp’s holdings in S&P Global were worth $3,484,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Verdence Capital Advisors LLC grew its position in shares of S&P Global by 16.8% in the third quarter. Verdence Capital Advisors LLC now owns 1,304 shares of the business services provider’s stock valued at $476,000 after purchasing an additional 188 shares during the last quarter. Brighton Jones LLC raised its stake in S&P Global by 1.1% during the third quarter. Brighton Jones LLC now owns 3,137 shares of the business services provider’s stock worth $1,146,000 after purchasing an additional 33 shares during the period. First Merchants Corp boosted its holdings in shares of S&P Global by 11.0% in the 3rd quarter. First Merchants Corp now owns 9,408 shares of the business services provider’s stock valued at $3,438,000 after purchasing an additional 933 shares during the last quarter. NBT Bank N A NY grew its stake in shares of S&P Global by 153.2% during the 3rd quarter. NBT Bank N A NY now owns 5,128 shares of the business services provider’s stock valued at $1,874,000 after buying an additional 3,103 shares during the period. Finally, Chicago Partners Investment Group LLC grew its stake in shares of S&P Global by 7.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,076 shares of the business services provider’s stock valued at $377,000 after buying an additional 71 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Up 0.1 %

Shares of S&P Global stock opened at $425.76 on Tuesday. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $461.16. The company has a market capitalization of $133.22 billion, a PE ratio of 47.73, a P/E/G ratio of 2.37 and a beta of 1.14. 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 $422.48 and a 200-day moving average of $420.42.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share 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 firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. As a group, equities analysts forecast that S&P Global Inc. will post 14.1 EPS for the current fiscal 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 $0.91 dividend. The ex-dividend date is Tuesday, May 28th. This represents a $3.64 annualized dividend and a yield of 0.85%. S&P Global’s dividend payout ratio is presently 40.81%.

Insider Buying and Selling at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction on Thursday, February 15th. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Raymond James lifted their target price on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Barclays increased their target price on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Stifel Nicolaus raised their target price on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of S&P Global in a report on Friday, February 9th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $462.60.

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.