Findlay Park Partners LLP Buys 49,713 Shares of S&P Global Inc. (NYSE:SPGI)

Findlay Park Partners LLP increased its holdings in shares of S&P Global Inc. (NYSE:SPGIGet Rating) by 5.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 931,102 shares of the business services provider’s stock after buying an additional 49,713 shares during the quarter. S&P Global comprises about 2.9% of Findlay Park Partners LLP’s portfolio, making the stock its 11th largest holding. Findlay Park Partners LLP’s holdings in S&P Global were worth $439,415,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of SPGI. Lumature Wealth Partners LLC increased its holdings in S&P Global by 8.0% during the 4th quarter. Lumature Wealth Partners LLC now owns 2,834 shares of the business services provider’s stock worth $1,338,000 after purchasing an additional 209 shares during the period. Confluence Wealth Services Inc. purchased a new position in S&P Global during the 4th quarter worth $75,000. Norinchukin Bank The increased its holdings in shares of S&P Global by 48.9% in the 4th quarter. Norinchukin Bank The now owns 97,025 shares of the business services provider’s stock valued at $45,789,000 after acquiring an additional 31,881 shares during the period. Capital Fund Management S.A. increased its holdings in shares of S&P Global by 35.0% in the 4th quarter. Capital Fund Management S.A. now owns 20,158 shares of the business services provider’s stock valued at $9,513,000 after acquiring an additional 5,228 shares during the period. Finally, DAVENPORT & Co LLC increased its holdings in shares of S&P Global by 98.2% in the 4th quarter. DAVENPORT & Co LLC now owns 21,029 shares of the business services provider’s stock valued at $9,924,000 after acquiring an additional 10,419 shares during the period. 94.26% of the stock is owned by hedge funds and other institutional investors.

Shares of S&P Global stock traded up $7.19 on Friday, hitting $336.85. The company’s stock had a trading volume of 2,811,745 shares, compared to its average volume of 2,410,051. S&P Global Inc. has a 1 year low of $322.20 and a 1 year high of $484.21. The firm has a fifty day moving average price of $387.25 and a 200-day moving average price of $420.41. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $81.21 billion, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 2.08 and a beta of 1.05.

S&P Global (NYSE:SPGIGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The business services provider reported $2.89 EPS for the quarter, missing the consensus estimate of $2.99 by ($0.10). S&P Global had a return on equity of 31.07% and a net margin of 40.43%. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter last year, the firm posted $3.39 earnings per share. S&P Global’s quarterly revenue was up 18.5% on a year-over-year basis. As a group, analysts forecast that S&P Global Inc. will post 13.08 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Friday, May 27th will be paid a dividend of $0.85 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.77. This represents a $3.40 annualized dividend and a yield of 1.01%. The ex-dividend date is Thursday, May 26th. S&P Global’s payout ratio is 22.22%.

A number of research analysts have recently issued reports on SPGI shares. Jefferies Financial Group started coverage on S&P Global in a report on Wednesday, March 2nd. They issued a “buy” rating and a $453.00 price target on the stock. Raymond James lowered their price objective on S&P Global from $497.00 to $475.00 and set an “outperform” rating for the company in a research report on Thursday, April 7th. JPMorgan Chase & Co. began coverage on S&P Global in a research report on Wednesday, March 2nd. They issued an “overweight” rating and a $480.00 price objective for the company. Credit Suisse Group lowered their price objective on S&P Global from $495.00 to $425.00 in a research report on Wednesday, May 4th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on S&P Global from $515.00 to $483.00 and set a “buy” rating for the company in a research report on Wednesday, May 4th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $467.57.

In other news, EVP Steven J. Kemps sold 3,183 shares of the company’s stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $404.04, for a total value of $1,286,059.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Martina Cheung sold 3,870 shares of the company’s stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $381.28, for a total value of $1,475,553.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,280 shares of company stock valued at $4,478,177. 0.10% of the stock is owned by company insiders.

S&P Global Profile (Get Rating)

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 in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

See Also

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGIGet Rating).

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

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