May Hill Capital LLC Makes New $287,000 Investment in S&P Global Inc. (NYSE:SPGI)

May Hill Capital LLC acquired a new stake in S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 576 shares of the business services provider’s stock, valued at approximately $287,000.

A number of other hedge funds also recently made changes to their positions in SPGI. Invenio Wealth Partners LLC lifted its stake in S&P Global by 4.0% during the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider’s stock worth $286,000 after purchasing an additional 22 shares during the period. Boston Family Office LLC grew its holdings in shares of S&P Global by 0.7% in the 4th quarter. Boston Family Office LLC now owns 52,783 shares of the business services provider’s stock worth $26,288,000 after purchasing an additional 391 shares during the last quarter. Geode Capital Management LLC lifted its holdings in S&P Global by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider’s stock valued at $3,273,264,000 after purchasing an additional 116,208 shares during the last quarter. Nemes Rush Group LLC boosted its position in S&P Global by 10.4% in the fourth quarter. Nemes Rush Group LLC now owns 15,923 shares of the business services provider’s stock valued at $7,930,000 after buying an additional 1,502 shares in the last quarter. Finally, HighPoint Advisor Group LLC grew its stake in S&P Global by 6.3% during the fourth quarter. HighPoint Advisor Group LLC now owns 5,052 shares of the business services provider’s stock worth $2,690,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

S&P Global stock opened at $510.66 on Wednesday. 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 stock has a market capitalization of $160.26 billion, a price-to-earnings ratio of 41.35, a PEG ratio of 2.41 and a beta of 1.20. The stock’s 50 day moving average price is $515.35 and its two-hundred day moving average price is $509.96. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same period in the previous year, the business posted $3.13 EPS. On average, equities analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is presently 31.09%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SPGI shares. UBS Group lifted their target price on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. BMO Capital Markets boosted their price objective on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Oppenheimer decreased their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Finally, Morgan Stanley raised 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 report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $590.86.

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.