Trueblood Wealth Management LLC Purchases Shares of 1,284 S&P Global Inc. (NYSE:SPGI)

Trueblood Wealth Management LLC purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 1,284 shares of the business services provider’s stock, valued at approximately $566,000.

A number of other institutional investors have also recently made changes to their positions in SPGI. Kathleen S. Wright Associates Inc. bought a new stake in shares of S&P Global during the 3rd quarter valued at $25,000. Valued Wealth Advisors LLC purchased a new position in shares of S&P Global during the 4th quarter worth about $28,000. Harbour Investments Inc. boosted its stake in shares of S&P Global by 45.8% during the 3rd quarter. Harbour Investments Inc. now owns 86 shares of the business services provider’s stock worth $31,000 after purchasing an additional 27 shares during the period. Fortis Group Advisors LLC purchased a new stake in S&P Global in the 3rd quarter valued at about $33,000. Finally, Asset Dedication LLC purchased a new stake in S&P Global in the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 162,530 shares in the company, valued at $69,032,992.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

S&P Global Price Performance

Shares of NYSE SPGI traded up $2.64 during mid-day trading on Thursday, reaching $425.45. The company’s stock had a trading volume of 1,872,012 shares, compared to its average volume of 1,347,815. The stock has a 50-day moving average of $433.47 and a two-hundred day moving average of $410.64. The stock has a market capitalization of $136.25 billion, a P/E ratio of 51.77, a P/E/G ratio of 2.39 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 Inc. has a 1-year low of $329.46 and a 1-year high of $461.16.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 earnings per share (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 firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the business posted $2.54 earnings per share. S&P Global’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities research analysts anticipate that S&P Global Inc. will post 14 EPS for the current fiscal year.

S&P Global Increases Dividend

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

Analyst Ratings Changes

Several brokerages have recently weighed in on SPGI. Raymond James upped their price target 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. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of S&P Global in a research note on Friday, February 9th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average target price of $446.25.

S&P Global 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, and S&P Dow Jones Indices segments.