EPG Wealth Management LLC Buys Shares of 1,834 S&P Global Inc. (NYSE:SPGI)

EPG Wealth Management LLC bought a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,834 shares of the business services provider's stock, valued at approximately $914,000.

Other hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its holdings in S&P Global by 2.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock worth $515,000 after buying an additional 20 shares during the last quarter. Personal CFO Solutions LLC lifted its stake in S&P Global by 3.1% during the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock worth $336,000 after purchasing an additional 20 shares during the last quarter. Anfield Capital Management LLC boosted its holdings in S&P Global by 25.6% in the fourth quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock valued at $54,000 after purchasing an additional 22 shares in the last quarter. Invenio Wealth Partners LLC increased its stake in S&P Global by 4.0% in the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock valued at $286,000 after purchasing an additional 22 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in shares of S&P Global by 4.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider's stock worth $265,000 after buying an additional 23 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SPGI has been the topic of several research analyst reports. BMO Capital Markets lifted their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Wells Fargo & Company boosted their target price on S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Stifel Nicolaus cut their price target on S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Evercore ISI raised their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. reduced their price target on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $592.71.

Insider Activity at S&P Global

In related news, EVP Sally Moore sold 500 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the sale, the executive vice president now owns 5,131 shares of the company's stock, valued at $2,619,016.33. This represents a 8.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company's stock.

S&P Global Stock Down 0.0 %

Shares of S&P Global stock traded down $0.17 on Friday, hitting $507.44. 941,827 shares of the company's stock traded hands, compared to its average volume of 1,222,230. S&P Global Inc. has a 52-week low of $419.49 and a 52-week high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a market cap of $155.63 billion, a P/E ratio of 41.09, a PEG ratio of 2.41 and a beta of 1.23. The firm's 50-day moving average is $486.24 and its 200 day moving average is $501.60.

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

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.76%. S&P Global's dividend payout ratio (DPR) is 30.16%.

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.