Beck Mack & Oliver LLC Buys Shares of 791 S&P Global Inc. (NYSE:SPGI)

Beck Mack & Oliver LLC acquired a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 791 shares of the business services provider's stock, valued at approximately $394,000.

A number of other hedge funds have also bought and sold shares of the company. Howard Capital Management Group LLC boosted its holdings in shares of S&P Global by 3.2% in the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock valued at $471,000 after buying an additional 28 shares in the last quarter. Virtu Financial LLC purchased a new position in S&P Global in the third quarter worth $1,753,000. SkyView Investment Advisors LLC increased its position in shares of S&P Global by 2.5% during the third quarter. SkyView Investment Advisors LLC now owns 4,957 shares of the business services provider's stock worth $2,561,000 after purchasing an additional 119 shares in the last quarter. Fulcrum Equity Management purchased a new stake in shares of S&P Global during the 3rd quarter valued at $200,000. Finally, Pine Valley Investments Ltd Liability Co boosted its position in shares of S&P Global by 2.2% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 11,102 shares of the business services provider's stock worth $5,736,000 after purchasing an additional 235 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on SPGI. JPMorgan Chase & Co. cut their price objective on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Bank of America initiated coverage on shares of S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target for the company. StockNews.com lowered shares of S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. BMO Capital Markets upped their target price on S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Finally, Morgan Stanley lifted their price objective on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $591.86.

S&P Global Price Performance

Shares of S&P Global stock traded up $4.42 on Wednesday, hitting $470.84. The company's stock had a trading volume of 1,232,133 shares, compared to its average volume of 1,420,495. The company has a market capitalization of $147.77 billion, a price-to-earnings ratio of 38.12, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a fifty day moving average price of $496.18 and a 200-day moving average price of $503.76.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating analysts' consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period in the previous year, the firm earned $3.13 earnings per share. As a group, sell-side analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This is a boost from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 0.82%. S&P Global's dividend payout ratio is currently 31.09%.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.