2,583 Shares in S&P Global Inc. (NYSE:SPGI) Purchased by Heartland Bank & Trust Co

Heartland Bank & Trust Co acquired a new position in S&P Global Inc. (NYSE:SPGI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,583 shares of the business services provider's stock, valued at approximately $1,312,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPGI. Wealthfront Advisers LLC raised its stake in shares of S&P Global by 19.1% during the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock worth $18,799,000 after purchasing an additional 6,051 shares during the period. Graham Capital Management L.P. bought a new stake in S&P Global in the fourth quarter worth about $14,040,000. Freestone Capital Holdings LLC boosted its stake in S&P Global by 0.4% in the fourth quarter. Freestone Capital Holdings LLC now owns 11,499 shares of the business services provider's stock valued at $5,727,000 after acquiring an additional 49 shares during the last quarter. Asahi Life Asset Management CO. LTD. boosted its stake in S&P Global by 85.9% in the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 1,288 shares of the business services provider's stock valued at $641,000 after acquiring an additional 595 shares during the last quarter. Finally, Coalescence Partners Investment Management LP raised its holdings in shares of S&P Global by 62.7% in the 4th quarter. Coalescence Partners Investment Management LP now owns 30,089 shares of the business services provider's stock worth $14,985,000 after purchasing an additional 11,599 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SPGI. Mizuho started coverage on S&P Global in a report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective for the company. JPMorgan Chase & Co. dropped their price target on S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Argus raised S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Robert W. Baird lowered their price objective on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, UBS Group increased their target price on shares of S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $592.71.

S&P Global Stock Up 0.2%

Shares of NYSE:SPGI opened at $503.85 on Friday. The firm has a fifty day moving average price of $501.16 and a two-hundred day moving average price of $503.33. The company has a market cap of $154.53 billion, a price-to-earnings ratio of 39.58, a PEG ratio of 2.46 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90. S&P Global Inc. has a one year low of $427.14 and a one year high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the business posted $4.01 earnings per share. The firm's revenue was up 8.2% compared to the same quarter last year. Analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a yield of 0.76%. S&P Global's payout ratio is 30.16%.

Insider Activity at S&P Global

In other news, EVP Sally Moore sold 500 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total value 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 approximately $2,619,016.33. The trade was a 8.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by insiders.

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.

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