FSM Wealth Advisors LLC Purchases Shares of 865 S&P Global Inc. (NYSE:SPGI)

FSM Wealth Advisors LLC acquired a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 865 shares of the business services provider's stock, valued at approximately $439,000.

Other hedge funds also recently made changes to their positions in the company. Personal CFO Solutions LLC grew its holdings 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 buying an additional 20 shares in the last quarter. Invenio Wealth Partners LLC boosted its holdings in S&P Global by 4.0% during the 4th quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock worth $286,000 after acquiring an additional 22 shares during the last quarter. Retirement Planning Group LLC grew its stake in shares of S&P Global by 0.4% in the 4th quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock worth $2,870,000 after acquiring an additional 22 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in shares of S&P Global by 2.1% in the first quarter. SeaCrest Wealth Management LLC now owns 1,132 shares of the business services provider's stock valued at $575,000 after purchasing an additional 23 shares during the last quarter. Finally, Gitterman Wealth Management LLC lifted its position in shares of S&P Global by 5.7% during the fourth quarter. Gitterman Wealth Management LLC now owns 483 shares of the business services provider's stock valued at $241,000 after purchasing an additional 26 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other S&P Global news, EVP Sally Moore sold 500 shares of the firm'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 sale, the executive vice president owned 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.10% of the company's stock.

S&P Global Stock Performance

SPGI stock traded up $5.38 during midday trading on Thursday, reaching $531.02. 578,304 shares of the company's stock traded hands, compared to its average volume of 1,233,475. The firm has a market capitalization of $162.86 billion, a PE ratio of 41.71, a price-to-earnings-growth ratio of 2.56 and a beta of 1.19. The company has a 50-day moving average price of $511.33 and a two-hundred day moving average price of $504.09. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90.

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 earnings per share for the quarter, beating the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $4.01 earnings per share. As a group, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a dividend of $0.96 per share. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a yield of 0.72%. S&P Global's dividend payout ratio is currently 30.16%.

Analysts Set New Price Targets

SPGI has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price objective on shares of S&P Global from $627.00 to $632.00 and gave the stock an "overweight" rating in a research report on Thursday. Mizuho initiated coverage on S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price on the stock. Bank of America started coverage on S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 price target for the company. JPMorgan Chase & Co. cut their price objective 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, UBS Group upped their price objective on S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, S&P Global presently has an average rating of "Moderate Buy" and an average target price of $593.93.

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.