Scissortail Wealth Management LLC Invests $217,000 in S&P Global Inc. (NYSE:SPGI)

Scissortail Wealth Management LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 482 shares of the business services provider’s stock, valued at approximately $217,000.

Several other large investors have also modified their holdings of SPGI. Kathleen S. Wright Associates Inc. bought a new stake in shares of S&P Global during the 3rd quarter worth $25,000. Valued Wealth Advisors LLC purchased a new stake in shares of S&P Global in the fourth quarter valued at $28,000. Harbour Investments Inc. lifted its holdings in shares of S&P Global by 45.8% in the third quarter. Harbour Investments Inc. now owns 86 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 27 shares in the last quarter. Fortis Group Advisors LLC purchased a new stake in shares of S&P Global in the third quarter valued at $33,000. Finally, LFA Lugano Financial Advisors SA lifted its holdings in shares of S&P Global by 200.0% in 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. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on SPGI shares. Oppenheimer restated an “outperform” rating and issued a $480.00 target price on shares of S&P Global in a report on Tuesday, April 2nd. BMO Capital Markets increased 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. Erste Group Bank restated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a report on Friday, February 9th. Finally, 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. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average price target of $464.22.

Insider Activity

In other news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the sale, 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 is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

S&P Global Stock Down 0.2 %

NYSE SPGI traded down $1.00 during trading on Wednesday, hitting $408.56. 1,058,852 shares of the company traded hands, compared to its average volume of 1,224,425. S&P Global Inc. has a 12 month low of $338.92 and a 12 month high of $461.16. The business has a fifty day simple moving average of $426.65 and a 200 day simple moving average of $415.29. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $130.85 billion, a P/E ratio of 49.64, a PEG ratio of 2.32 and a beta of 1.15.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the business earned $2.54 earnings per share. S&P Global’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts predict that S&P Global Inc. will post 14.02 EPS for the current year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th were given a $0.91 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.90. This represents a $3.64 annualized dividend and a dividend yield of 0.89%. 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

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.