Stonegate Investment Group LLC Invests $296,000 in S&P Global Inc. (NYSE:SPGI)

Stonegate Investment Group LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGIGet Rating) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 627 shares of the business services provider’s stock, valued at approximately $296,000.

A number of other large investors have also recently bought and sold shares of the business. Cavalier Investments LLC increased its holdings in S&P Global by 0.7% during the 4th quarter. Cavalier Investments LLC now owns 3,567 shares of the business services provider’s stock worth $1,683,000 after purchasing an additional 24 shares in the last quarter. Warren Averett Asset Management LLC increased its holdings in shares of S&P Global by 2.7% during the 3rd quarter. Warren Averett Asset Management LLC now owns 957 shares of the business services provider’s stock worth $432,000 after acquiring an additional 25 shares during the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of S&P Global by 1.1% during the 4th quarter. Valeo Financial Advisors LLC now owns 2,236 shares of the business services provider’s stock worth $1,055,000 after acquiring an additional 25 shares during the last quarter. Childress Capital Advisors LLC grew its holdings in S&P Global by 4.4% in the 3rd quarter. Childress Capital Advisors LLC now owns 614 shares of the business services provider’s stock valued at $260,000 after buying an additional 26 shares in the last quarter. Finally, Brookstone Capital Management grew its holdings in S&P Global by 1.6% in the 4th quarter. Brookstone Capital Management now owns 1,625 shares of the business services provider’s stock valued at $726,000 after buying an additional 26 shares in the last quarter. 94.26% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Martina Cheung sold 3,870 shares of the stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $381.28, for a total transaction of $1,475,553.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Nancy Luquette sold 2,287 shares of the firm’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $333.74, for a total transaction of $763,263.38. Following the completion of the transaction, the executive vice president now owns 5,667 shares in the company, valued at approximately $1,891,304.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,567 shares of company stock valued at $5,914,500. 0.10% of the stock is owned by company insiders.

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group initiated coverage on S&P Global in a research note on Tuesday, March 8th. They issued a “buy” rating and a $485.00 price target for the company. Raymond James lowered their price objective on shares of S&P Global from $497.00 to $475.00 and set an “outperform” rating on the stock in a report on Thursday, April 7th. StockNews.com assumed coverage on shares of S&P Global in a research note on Thursday, March 31st. They issued a “hold” rating for the company. JPMorgan Chase & Co. assumed coverage on shares of S&P Global in a research report on Wednesday, March 2nd. They set an “overweight” rating and a $480.00 price target for the company. Finally, Credit Suisse Group reduced their price target on shares of S&P Global from $495.00 to $425.00 in a research report on Wednesday, May 4th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $467.57.

S&P Global stock traded down $6.05 during midday trading on Wednesday, hitting $333.23. 20,826 shares of the company’s stock were exchanged, compared to its average volume of 2,592,956. S&P Global Inc. has a 12 month low of $322.20 and a 12 month high of $484.21. The company has a market cap of $113.24 billion, a PE ratio of 24.48, a P/E/G ratio of 2.15 and a beta of 1.05. 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 firm has a 50-day moving average of $385.15 and a two-hundred day moving average of $418.24.

S&P Global (NYSE:SPGIGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The business services provider reported $2.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.99 by ($0.10). S&P Global had a net margin of 40.43% and a return on equity of 31.07%. The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same period in the prior year, the business posted $3.39 EPS. S&P Global’s revenue was up 18.5% compared to the same quarter last year. As a group, equities analysts expect that S&P Global Inc. will post 13.07 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Friday, May 27th will be given a $0.85 dividend. The ex-dividend date is Thursday, May 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.77. This represents a $3.40 dividend on an annualized basis and a yield of 1.02%. S&P Global’s payout ratio is 22.22%.

S&P Global Company 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.

Featured Articles

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)

Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.