Wrapmanager Inc. Has $349,000 Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Wrapmanager Inc. lowered its stake in S&P Global Inc. (NYSE:SPGI) by 6.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 793 shares of the business services provider’s stock after selling 59 shares during the period. Wrapmanager Inc.’s holdings in S&P Global were worth $349,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Valued Wealth Advisors LLC bought a new position in S&P Global during the fourth quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group raised its position in shares of S&P Global by 64.1% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock valued at $28,000 after buying an additional 25 shares in the last quarter. LFA Lugano Financial Advisors SA boosted its stake 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 buying an additional 50 shares during the period. MCF Advisors LLC grew its position in S&P Global by 141.7% during the fourth quarter. MCF Advisors LLC now owns 87 shares of the business services provider’s stock worth $38,000 after buying an additional 51 shares in the last quarter. Finally, Fortis Group Advisors LLC acquired a new stake in S&P Global during the third quarter worth approximately $33,000. 87.17% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 transaction of $2,548,440.00. Following the completion of the transaction, the chief executive officer now directly owns 162,530 shares in the company, valued at $69,032,992.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SPGI shares. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 target price on shares of S&P Global in a report on Friday, February 9th. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Stifel Nicolaus increased their price target on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Barclays boosted their price objective on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Oppenheimer raised their target price on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $462.60.

S&P Global Trading Up 0.7 %

Shares of SPGI stock traded up $3.08 during mid-day trading on Thursday, reaching $432.29. 989,579 shares of the stock traded hands, compared to its average volume of 1,359,554. The company has a market cap of $135.26 billion, a price-to-earnings ratio of 48.46, a price-to-earnings-growth ratio of 2.37 and a beta of 1.14. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock’s fifty day simple moving average is $422.49 and its two-hundred day simple moving average is $421.03. 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 posted its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. On average, research analysts anticipate that S&P Global Inc. will post 14.1 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Tuesday, May 28th. S&P Global’s dividend payout ratio is currently 40.81%.

S&P Global Company 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.