3Chopt Investment Partners LLC Takes $532,000 Position in S&P Global Inc. (NYSE:SPGI)

3Chopt Investment Partners LLC bought a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,048 shares of the business services provider's stock, valued at approximately $532,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SPGI. Minot DeBlois Advisors LLC acquired a new position in shares of S&P Global in the fourth quarter valued at approximately $25,000. Anderson Financial Strategies LLC acquired a new position in shares of S&P Global in the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC acquired a new stake in S&P Global during the fourth quarter worth approximately $31,000. Hazlett Burt & Watson Inc. grew its position in S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after buying an additional 38 shares in the last quarter. Finally, Alpine Bank Wealth Management acquired a new stake in S&P Global during the first quarter worth approximately $33,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SPGI shares. Wells Fargo & Company increased their price target on S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Argus raised S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Robert W. Baird reduced their price target on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. reduced 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. Finally, Mizuho started coverage on S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $592.71.

S&P Global Stock Up 0.6%

Shares of SPGI opened at $518.23 on Friday. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $545.39. The stock has a market capitalization of $158.94 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 2.52 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a fifty day moving average of $506.39 and a 200-day moving average of $503.48.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results 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. 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 during the quarter, compared to analysts' expectations of $3.72 billion. During the same period in the prior year, the company earned $4.01 EPS. S&P Global's revenue was up 8.2% compared to the same quarter last year. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.74%. The ex-dividend date is Tuesday, August 26th. S&P Global's dividend payout ratio is currently 30.16%.

Insider Buying and Selling

In related news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction 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 directly owns 5,131 shares of the company's stock, valued at $2,619,016.33. This trade represents a 8.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by corporate insiders.

About S&P Global

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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