Geneos Wealth Management Inc. Has $53,000 Position in S&P Global Inc. (NYSE:SPGI)

Geneos Wealth Management Inc. lowered its position in S&P Global Inc. (NYSE:SPGI) by 28.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 121 shares of the business services provider’s stock after selling 47 shares during the period. Geneos Wealth Management Inc.’s holdings in S&P Global were worth $53,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC increased its holdings in S&P Global by 18.5% in the third quarter. Fidelis Capital Partners LLC now owns 1,409 shares of the business services provider’s stock worth $515,000 after buying an additional 220 shares during the last quarter. Arkadios Wealth Advisors raised its position in shares of S&P Global by 6.1% in the fourth quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock valued at $671,000 after purchasing an additional 87 shares during the period. Handelsinvest Investeringsforvaltning bought a new position in shares of S&P Global in the fourth quarter valued at approximately $1,644,000. Westfield Capital Management Co. LP raised its position in shares of S&P Global by 12.1% in the third quarter. Westfield Capital Management Co. LP now owns 186,231 shares of the business services provider’s stock valued at $68,051,000 after purchasing an additional 20,153 shares during the period. Finally, Prossimo Advisors LLC raised its position in shares of S&P Global by 9.7% in the third quarter. Prossimo Advisors LLC now owns 1,420 shares of the business services provider’s stock valued at $519,000 after purchasing an additional 125 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Down 0.2 %

SPGI opened at $408.57 on Wednesday. S&P Global Inc. has a fifty-two week low of $338.92 and a fifty-two week high of $461.16. 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 firm’s fifty day moving average price is $426.65 and its two-hundred day moving average price is $415.29. The company has a market capitalization of $130.85 billion, a P/E ratio of 49.64, a P/E/G ratio of 2.36 and a beta of 1.15.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data 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 company had revenue of $3.15 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the business posted $2.54 earnings per share. On average, analysts anticipate that S&P Global Inc. will post 14.02 EPS for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th were issued a dividend of $0.91 per share. 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 dividend yield of 0.89%. S&P Global’s dividend payout ratio (DPR) is presently 44.23%.

Insider Buying and Selling at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global 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 completion of 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

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

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.