Sonnipe Ltd purchased a new position in shares of S&P Global Inc. (NYSE:SPGI – Get Rating) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 2,674 shares of the business services provider's stock, valued at approximately $896,000. S&P Global makes up 0.2% of Sonnipe Ltd's holdings, making the stock its 6th largest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Accurate Wealth Management LLC purchased a new position in S&P Global in the fourth quarter valued at $28,000. EdgeRock Capital LLC acquired a new stake in S&P Global in the third quarter valued at $29,000. Capital Directions Investment Advisors LLC acquired a new stake in shares of S&P Global during the fourth quarter worth about $39,000. MV Capital Management Inc. increased its position in shares of S&P Global by 40.6% during the third quarter. MV Capital Management Inc. now owns 135 shares of the business services provider's stock worth $41,000 after purchasing an additional 39 shares in the last quarter. Finally, BDO Wealth Advisors LLC increased its position in shares of S&P Global by 35.6% during the fourth quarter. BDO Wealth Advisors LLC now owns 141 shares of the business services provider's stock worth $47,000 after purchasing an additional 37 shares in the last quarter. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at S&P Global

In other S&P Global news, EVP Sally Moore sold 3,499 shares of the stock in a transaction on Monday, February 13th. The stock was sold at an average price of $367.30, for a total transaction of $1,285,182.70. Following the sale, the executive vice president now owns 4,957 shares in the company, valued at approximately $1,820,706.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other S&P Global news, insider Saugata Saha sold 750 shares of the stock in a transaction on Tuesday, February 14th. The stock was sold at an average price of $369.47, for a total transaction of $277,102.50. Following the transaction, the insider now owns 3,337 shares of the company's stock, valued at approximately $1,232,921.39. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Sally Moore sold 3,499 shares of the stock in a transaction on Monday, February 13th. The stock was sold at an average price of $367.30, for a total value of $1,285,182.70. Following the completion of the transaction, the executive vice president now directly owns 4,957 shares in the company, valued at $1,820,706.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,749 shares of company stock worth $4,266,185. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SPGI. Robert W. Baird lifted their target price on S&P Global from $393.00 to $401.00 and gave the stock an "outperform" rating in a research report on Friday, February 10th. Credit Suisse Group lifted their target price on S&P Global from $385.00 to $395.00 and gave the stock an "outperform" rating in a research report on Friday, February 10th. Oppenheimer lifted their target price on S&P Global from $403.00 to $405.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 4th. Royal Bank of Canada reiterated an "outperform" rating and set a $434.00 target price on shares of S&P Global in a research report on Monday, March 6th. Finally, Raymond James upped their price objective on S&P Global from $398.00 to $402.00 and gave the company an "outperform" rating in a research note on Friday, February 10th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, S&P Global has a consensus rating of "Moderate Buy" and a consensus price target of $394.50.

S&P Global Price Performance

Shares of SPGI traded up $0.69 on Wednesday, reaching $352.86. The stock had a trading volume of 295,047 shares, compared to its average volume of 1,351,685. The firm has a market capitalization of $115.72 billion, a PE ratio of 33.54, a PEG ratio of 2.33 and a beta of 1.12. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average of $344.72 and a 200 day moving average of $341.40. S&P Global Inc. has a twelve month low of $279.32 and a twelve month high of $403.48.

S&P Global (NYSE:SPGI – Get Rating) last released its quarterly earnings results on Thursday, February 9th. The business services provider reported $2.54 earnings per share for the quarter, topping analysts' consensus estimates of $2.47 by $0.07. The business had revenue of $2.94 billion for the quarter, compared to analysts' expectations of $2.88 billion. S&P Global had a return on equity of 9.84% and a net margin of 29.05%. The company's revenue was up 40.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.15 EPS. Sell-side analysts expect that S&P Global Inc. will post 12.43 EPS for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 24th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Thursday, February 23rd. This is a boost from S&P Global's previous quarterly dividend of $0.85. S&P Global's dividend payout ratio is 34.29%.

About S&P Global

(Get Rating)

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions. The Market Intelligence segment provides multi-asset-class data and analytics integrated with purpose-built workflow solutions.

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