Paragon Capital Management Ltd Acquires New Position in S&P Global Inc. (NYSE:SPGI)

Paragon Capital Management Ltd acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 532 shares of the business services provider's stock, valued at approximately $270,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SPGI. Minot DeBlois Advisors LLC purchased a new position in S&P Global during the fourth quarter valued at $25,000. Anderson Financial Strategies LLC purchased a new position in S&P Global during the fourth quarter valued at $27,000. Human Investing LLC purchased a new position in S&P Global during the fourth quarter valued at $30,000. Noble Wealth Management PBC purchased a new position in S&P Global during the fourth quarter valued at $31,000. Finally, Hazlett Burt & Watson Inc. raised its position in shares of S&P Global by 131.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after purchasing an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SPGI shares. JPMorgan Chase & Co. lowered their price target on 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. BMO Capital Markets lifted their price target on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Argus raised S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Robert W. Baird lowered their price target on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, Stifel Nicolaus lowered their price target on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, S&P Global presently has an average rating of "Moderate Buy" and a consensus price target of $592.71.

Insider Buying and Selling at S&P Global

In other S&P Global 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 transaction of $255,215.00. Following the completion of the sale, the executive vice president now directly owns 5,131 shares in the company, valued at $2,619,016.33. The trade was a 8.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.10% of the company's stock.

S&P Global Stock Performance

NYSE:SPGI traded down $4.84 during mid-day trading on Friday, reaching $501.03. The company's stock had a trading volume of 1,343,042 shares, compared to its average volume of 1,223,684. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $545.39. The firm's fifty day moving average price is $495.92 and its two-hundred day moving average price is $504.24. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a market cap of $153.67 billion, a P/E ratio of 40.57, a PEG ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the firm earned $4.01 EPS. S&P Global's revenue was up 8.2% on a year-over-year basis. On average, equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were paid a dividend of $0.96 per share. The ex-dividend date was Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.77%. S&P Global's dividend payout ratio is currently 30.16%.

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.