Forte Capital LLC ADV Raises Holdings in S&P Global Inc. (NYSE:SPGI)

Forte Capital LLC ADV increased its position in S&P Global Inc. (NYSE:SPGI) by 13.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,945 shares of the business services provider’s stock after buying an additional 237 shares during the period. Forte Capital LLC ADV’s holdings in S&P Global were worth $857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its holdings in S&P Global by 1.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 44,961 shares of the business services provider’s stock valued at $16,430,000 after buying an additional 463 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in S&P Global by 33.9% during the 3rd quarter. Pinnacle Associates Ltd. now owns 2,130 shares of the business services provider’s stock worth $778,000 after buying an additional 539 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of S&P Global by 6.9% during the third quarter. Stratos Wealth Partners LTD. now owns 7,894 shares of the business services provider’s stock worth $2,885,000 after purchasing an additional 511 shares during the period. Jacobsen Capital Management lifted its holdings in S&P Global by 7.0% in the third quarter. Jacobsen Capital Management now owns 2,072 shares of the business services provider’s stock valued at $757,000 after acquiring an additional 136 shares during the period. Finally, Sage Mountain Advisors LLC grew its holdings in S&P Global by 5.5% in the third quarter. Sage Mountain Advisors LLC now owns 847 shares of the business services provider’s stock valued at $310,000 after purchasing an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Activity at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction dated 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 directly owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

S&P Global Price Performance

Shares of NYSE:SPGI traded up $8.22 during midday trading on Friday, reaching $425.18. 1,917,839 shares of the company’s stock were exchanged, compared to its average volume of 1,418,015. The firm has a market capitalization of $133.04 billion, a PE ratio of 47.67, a price-to-earnings-growth ratio of 2.33 and a beta of 1.14. The company’s 50 day simple moving average is $422.63 and its two-hundred day simple moving average is $419.15. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $461.16. 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 posted its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, topping the consensus estimate 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. Equities research analysts expect that S&P Global Inc. will post 14.1 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders 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 yield of 0.86%. 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.