Diligent Investors LLC Sells 550 Shares of S&P Global Inc. (NYSE:SPGI)

Diligent Investors LLC lowered its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,277 shares of the business services provider's stock after selling 550 shares during the quarter. S&P Global comprises 0.9% of Diligent Investors LLC's portfolio, making the stock its 14th largest position. Diligent Investors LLC's holdings in S&P Global were worth $4,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in SPGI. Eastern Bank grew its stake in shares of S&P Global by 3.1% in the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider's stock worth $24,980,000 after acquiring an additional 1,530 shares during the last quarter. Wealthfront Advisers LLC raised its holdings in S&P Global by 19.1% in the fourth quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock worth $18,799,000 after buying an additional 6,051 shares during the last quarter. Synergy Asset Management LLC increased its position in shares of S&P Global by 110.8% during the fourth quarter. Synergy Asset Management LLC now owns 23,868 shares of the business services provider's stock valued at $12,066,000 after acquiring an additional 12,547 shares in the last quarter. Miracle Mile Advisors LLC raised its holdings in S&P Global by 50.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 21,496 shares of the business services provider's stock worth $10,705,000 after acquiring an additional 7,170 shares during the last quarter. Finally, James Hambro & Partners LLP lifted its position in S&P Global by 0.9% in the 4th quarter. James Hambro & Partners LLP now owns 217,029 shares of the business services provider's stock valued at $108,173,000 after acquiring an additional 1,899 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

Insider Buying and Selling

In other S&P Global news, EVP Sally Moore sold 500 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the transaction, the executive vice president now owns 5,131 shares in the company, valued at $2,619,016.33. The trade was a 8.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by corporate insiders.

S&P Global Stock Performance

NYSE SPGI traded down $0.17 on Friday, reaching $507.44. 941,827 shares of the stock were exchanged, compared to its average volume of 1,222,230. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a one year low of $419.49 and a one year high of $545.39. The firm has a market capitalization of $155.63 billion, a PE ratio of 41.09, a PEG ratio of 2.41 and a beta of 1.23. The company's 50-day simple moving average is $486.24 and its two-hundred day simple moving average is $501.60.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.23 by $0.14. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The company had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same period last year, the company posted $4.01 earnings per share. S&P Global's quarterly revenue was up 8.2% on a year-over-year basis. Analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be issued a dividend of $0.96 per share. The ex-dividend date is Wednesday, May 28th. This represents a $3.84 annualized dividend and a yield of 0.76%. S&P Global's payout ratio is presently 30.16%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SPGI. Mizuho started coverage on S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price target for the company. BMO Capital Markets upped their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Wells Fargo & Company lifted their price target on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Bank of America assumed coverage on shares of S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 target price on the stock. Finally, UBS Group increased their price target on S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, S&P Global currently has a consensus rating of "Moderate Buy" and an average target price of $592.71.

S&P Global 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.