Barlow Wealth Partners Inc. Acquires Shares of 37,347 S&P Global Inc. (NYSE:SPGI)

Barlow Wealth Partners Inc. bought a new position in shares of S&P Global Inc. (NYSE:SPGI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 37,347 shares of the business services provider’s stock, valued at approximately $16,452,000. S&P Global accounts for approximately 2.3% of Barlow Wealth Partners Inc.’s portfolio, making the stock its 15th biggest holding.

Several other institutional investors also recently bought and sold shares of the business. Valued Wealth Advisors LLC acquired a new stake in shares of S&P Global during the fourth quarter worth $28,000. Oliver Lagore Vanvalin Investment Group increased its stake in shares of S&P Global by 64.1% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after purchasing an additional 25 shares in the last quarter. Fortis Group Advisors LLC purchased a new stake in shares of S&P Global during the third quarter worth about $33,000. LFA Lugano Financial Advisors SA increased its stake in shares of S&P Global by 200.0% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock worth $33,000 after purchasing an additional 50 shares in the last quarter. Finally, Asset Dedication LLC purchased a new stake in S&P Global during the 3rd quarter valued at about $35,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SPGI shares. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. BMO Capital Markets boosted their target price on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Oppenheimer upped their price objective on shares of S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Barclays increased their target price on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of S&P Global in a report on Friday, February 9th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $462.60.

S&P Global Price Performance

Shares of SPGI stock traded up $0.65 during midday trading on Wednesday, reaching $429.21. 748,977 shares of the company were exchanged, compared to its average volume of 1,360,345. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $461.16. The company has a market cap of $134.30 billion, a P/E ratio of 48.04, a PEG ratio of 2.37 and a beta of 1.14. The company’s 50 day moving average price is $422.49 and its two-hundred day moving average price is $420.97. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. On average, sell-side analysts expect that S&P Global Inc. will post 14.1 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Tuesday, May 28th. S&P Global’s dividend payout ratio is 40.81%.

Insider Activity

In other news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the transaction, the chief executive officer now owns 162,530 shares in the company, valued at approximately $69,032,992.20. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

S&P Global 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.