S&P Global Inc. (NYSE:SPGI) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its position in S&P Global Inc. (NYSE:SPGI) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,732 shares of the business services provider’s stock after purchasing an additional 1,648 shares during the quarter. Daiwa Securities Group Inc.’s holdings in S&P Global were worth $13,538,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Valued Wealth Advisors LLC bought a new stake in S&P Global during the 4th quarter valued at $28,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of S&P Global during the third quarter valued at $25,000. LFA Lugano Financial Advisors SA raised its stake in shares of S&P Global by 200.0% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 50 shares in the last quarter. Harbour Investments Inc. lifted its holdings in S&P Global by 45.8% in the third 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. Finally, Fortis Group Advisors LLC bought a new position in S&P Global in the 3rd quarter valued at about $33,000. Institutional investors own 87.17% of the company’s stock.

Insider Transactions at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction on 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 completion of the sale, the chief executive officer now owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SPGI has been the topic of a number of recent analyst reports. Erste Group Bank restated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. BMO Capital Markets boosted their target price on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Raymond James increased their price target on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Oppenheimer reissued an “outperform” rating and issued a $480.00 price objective on shares of S&P Global in a research note on Tuesday, April 2nd. Finally, Barclays raised their target price on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $464.22.

S&P Global Price Performance

NYSE SPGI opened at $413.47 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 1 year low of $338.92 and a 1 year high of $461.16. The company has a market cap of $132.42 billion, a PE ratio of 50.07, a PEG ratio of 2.31 and a beta of 1.15. The stock’s 50-day moving average price is $425.70 and its two-hundred day moving average price is $415.27.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The firm’s 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, analysts predict that S&P Global Inc. will post 14.03 EPS for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th were paid a $0.91 dividend. The ex-dividend date of this dividend was Monday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.90. This represents a $3.64 dividend on an annualized basis and a yield of 0.88%. S&P Global’s payout ratio is 44.23%.

S&P Global Company 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, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.