Sapient Capital LLC Purchases 308 Shares of S&P Global Inc. (NYSE:SPGI)

Sapient Capital LLC boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 57.7% during the 1st quarter, HoldingsChannel reports. The fund owned 842 shares of the business services provider’s stock after buying an additional 308 shares during the quarter. Sapient Capital LLC’s holdings in S&P Global were worth $358,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. D.B. Root & Company LLC grew its stake in shares of S&P Global by 3.6% in the 4th quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock valued at $292,000 after purchasing an additional 23 shares during the period. Mayflower Financial Advisors LLC grew its stake in shares of S&P Global by 3.3% in the 4th quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock valued at $315,000 after purchasing an additional 23 shares during the period. Allworth Financial LP grew its stake in shares of S&P Global by 1.8% in the 4th quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock valued at $598,000 after purchasing an additional 24 shares during the period. Oakworth Capital Inc. grew its stake in shares of S&P Global by 31.2% in the 4th quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 24 shares during the period. Finally, Independence Bank of Kentucky grew its stake in shares of S&P Global by 1.7% in the 4th quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock valued at $655,000 after purchasing an additional 25 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

S&P Global Trading Up 0.1 %

Shares of SPGI stock traded up $0.52 during trading hours on Tuesday, reaching $415.83. The company had a trading volume of 1,954,106 shares, compared to its average volume of 1,373,341. The company has a 50 day moving average of $423.42 and a 200 day moving average of $418.78. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $130.11 billion, a price-to-earnings ratio of 46.62, a P/E/G ratio of 2.35 and a beta of 1.15. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $461.16.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 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 during the quarter, compared to analysts’ expectations of $3.39 billion. On average, equities research analysts anticipate that S&P Global Inc. will post 14.03 EPS for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.88%. S&P Global’s dividend payout ratio is currently 40.81%.

Insider Activity at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the company’s 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 sale, the chief executive officer now owns 162,530 shares in the company, valued at approximately $69,032,992.20. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is owned by corporate insiders.

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.