Duncker Streett & Co. Inc. Raises Position in S&P Global Inc. (NYSE:SPGI)

Duncker Streett & Co. Inc. boosted its position in S&P Global Inc. (NYSE:SPGI) by 29.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,669 shares of the business services provider’s stock after purchasing an additional 2,410 shares during the period. S&P Global comprises approximately 1.0% of Duncker Streett & Co. Inc.’s portfolio, making the stock its 26th biggest holding. Duncker Streett & Co. Inc.’s holdings in S&P Global were worth $4,700,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. BCK Partners Inc. purchased a new stake in shares of S&P Global during the first quarter worth $1,969,000. Markel Corp increased its position in shares of S&P Global by 0.8% during the first quarter. Markel Corp now owns 149,790 shares of the business services provider’s stock valued at $61,441,000 after buying an additional 1,250 shares during the period. Synovus Financial Corp lifted its holdings in shares of S&P Global by 1.6% in the first quarter. Synovus Financial Corp now owns 2,239 shares of the business services provider’s stock worth $919,000 after buying an additional 36 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in S&P Global by 115.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,154 shares of the business services provider’s stock worth $883,000 after acquiring an additional 1,154 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in S&P Global by 12.4% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 736 shares of the business services provider’s stock valued at $302,000 after purchasing an additional 81 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Oppenheimer restated an “outperform” rating and issued a $480.00 price objective on shares of S&P Global in a research report on Tuesday, April 2nd. BMO Capital Markets lifted their price objective on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a research note on Friday, February 9th. Barclays lifted their price target on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $464.22.

Insider Activity at S&P Global

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

S&P Global Trading Down 0.2 %

NYSE:SPGI traded down $1.00 during midday trading on Wednesday, reaching $408.56. 1,058,852 shares of the stock traded hands, compared to its average volume of 1,224,425. The stock has a market capitalization of $130.85 billion, a P/E ratio of 49.64, a PEG ratio of 2.32 and a beta of 1.15. S&P Global Inc. has a 12 month low of $338.92 and a 12 month high of $461.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84. The company has a fifty day moving average of $426.65 and a 200 day moving average of $415.29.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results 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). The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. S&P Global’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.54 EPS. On average, research analysts predict that S&P Global Inc. will post 14.02 EPS for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 27th were paid a $0.91 dividend. The ex-dividend date was Monday, February 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.89%. This is an increase from S&P Global’s previous quarterly dividend of $0.90. S&P Global’s dividend payout ratio is presently 44.23%.

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.