Pacer Advisors Inc. Buys 760 Shares of S&P Global Inc. (NYSE:SPGI)

Pacer Advisors Inc. increased its stake in S&P Global Inc. (NYSE:SPGIFree Report) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,379 shares of the business services provider’s stock after acquiring an additional 760 shares during the period. Pacer Advisors Inc.’s holdings in S&P Global were worth $9,418,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Valued Wealth Advisors LLC purchased a new stake in S&P Global during the 4th quarter valued at $28,000. Kathleen S. Wright Associates Inc. bought a new position in shares of S&P Global during the third quarter valued at about $25,000. Harbour Investments Inc. boosted its holdings in shares of S&P Global by 45.8% during 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. Fortis Group Advisors LLC bought a new stake in shares of S&P Global in the third quarter worth about $33,000. Finally, Asset Dedication LLC purchased a new position in S&P Global during the 3rd quarter valued at about $35,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on SPGI. Raymond James increased their price objective on S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a research note on Friday, February 9th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $446.25.

Check Out Our Latest Report on SPGI

Insiders Place Their Bets

In other news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction 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 filing with the SEC, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $422.81 on Thursday. The business has a fifty day moving average price of $433.77 and a 200-day moving average price of $410.55. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $135.41 billion, a PE ratio of 51.37, a PEG ratio of 2.39 and a beta of 1.15. S&P Global Inc. has a 1-year low of $329.46 and a 1-year high of $461.16.

S&P Global (NYSE:SPGIGet Free Report) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the business posted $2.54 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities analysts expect that S&P Global Inc. will post 14 EPS for the current fiscal 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 dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.86%. This is an increase from S&P Global’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Monday, February 26th. S&P Global’s dividend payout ratio (DPR) is currently 44.23%.

About S&P Global

(Free Report)

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.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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