Charles Schwab Investment Management Inc. Purchases 32,897 Shares of S&P Global Inc. (NYSE:SPGI)

Charles Schwab Investment Management Inc. lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 1.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,816,218 shares of the business services provider’s stock after buying an additional 32,897 shares during the period. Charles Schwab Investment Management Inc.’s holdings in S&P Global were worth $800,080,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Verdence Capital Advisors LLC lifted its position in shares of S&P Global by 16.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,304 shares of the business services provider’s stock valued at $476,000 after buying an additional 188 shares during the last quarter. Brighton Jones LLC grew its position in shares of S&P Global by 1.1% in the third quarter. Brighton Jones LLC now owns 3,137 shares of the business services provider’s stock valued at $1,146,000 after purchasing an additional 33 shares in the last quarter. First Merchants Corp raised its stake in shares of S&P Global by 11.0% during the 3rd quarter. First Merchants Corp now owns 9,408 shares of the business services provider’s stock valued at $3,438,000 after purchasing an additional 933 shares during the period. NBT Bank N A NY lifted its holdings in S&P Global by 153.2% during the 3rd quarter. NBT Bank N A NY now owns 5,128 shares of the business services provider’s stock worth $1,874,000 after purchasing an additional 3,103 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in S&P Global by 7.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,076 shares of the business services provider’s stock worth $377,000 after purchasing an additional 71 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price target on shares of S&P Global in a research report on Friday, February 9th. Stifel Nicolaus increased their target price on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Raymond James lifted their price objective on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Erste Group Bank restated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Finally, Barclays lifted their price target on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $462.60.

Insider Buying and Selling

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 transaction of $2,548,440.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.

S&P Global Trading Up 0.7 %

Shares of SPGI traded up $2.80 during mid-day trading on Tuesday, reaching $428.56. 787,022 shares of the company’s stock traded hands, compared to its average volume of 1,367,292. 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 stock’s 50-day moving average is $422.49 and its two-hundred day moving average is $420.97. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $461.16. The stock has a market cap of $134.10 billion, a P/E ratio of 48.04, a P/E/G ratio of 2.37 and a beta of 1.14.

S&P Global (NYSE:SPGI) last announced 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 return on equity of 12.20% and a net margin of 22.01%. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.39 billion. Research analysts forecast that S&P Global Inc. will post 14.1 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $3.64 annualized dividend and a yield of 0.85%. S&P Global’s dividend payout ratio (DPR) is presently 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.