Ieq Capital LLC Has $5.72 Million Stake in S&P Global Inc. (NYSE:SPGI)

Ieq Capital LLC grew its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 11.5% in the 4th quarter, Holdings Channel reports. The fund owned 12,977 shares of the business services provider’s stock after buying an additional 1,339 shares during the period. Ieq Capital LLC’s holdings in S&P Global were worth $5,717,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Forum Financial Management LP grew its holdings in shares of S&P Global by 5.2% during the fourth quarter. Forum Financial Management LP now owns 2,496 shares of the business services provider’s stock worth $1,100,000 after purchasing an additional 124 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of S&P Global by 9.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 27,315 shares of the business services provider’s stock worth $12,033,000 after purchasing an additional 2,272 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of S&P Global by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 730,571 shares of the business services provider’s stock worth $321,838,000 after purchasing an additional 3,078 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of S&P Global by 18.5% during the fourth quarter. QRG Capital Management Inc. now owns 18,377 shares of the business services provider’s stock worth $8,095,000 after purchasing an additional 2,875 shares during the last quarter. Finally, Qsemble Capital Management LP grew its holdings in shares of S&P Global by 372.9% during the fourth quarter. Qsemble Capital Management LP now owns 8,985 shares of the business services provider’s stock worth $3,958,000 after purchasing an additional 7,085 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the topic of several research reports. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of S&P Global in a report on Friday, February 9th. Stifel Nicolaus upped their target price on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a report on Friday, April 26th. Oppenheimer upped their target price on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a report on Friday, April 26th. BMO Capital Markets upped their target price on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Finally, Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a 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 company’s stock. Based on data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average price target of $467.89.

Insider Transactions at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by insiders.

S&P Global Trading Down 0.2 %

SPGI traded down $0.72 during trading on Friday, hitting $431.57. The company’s stock had a trading volume of 859,036 shares, compared to its average volume of 1,469,869. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $461.16. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock’s fifty day moving average price is $422.62 and its 200-day moving average price is $422.18. The firm has a market capitalization of $135.04 billion, a P/E ratio of 48.38, a PEG ratio of 2.41 and a beta of 1.14.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, topping 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 company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. Analysts anticipate that S&P Global Inc. will post 14.1 EPS for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Tuesday, May 28th. S&P Global’s payout ratio is 40.81%.

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.