Alpine Woods Capital Investors LLC Has $594,000 Holdings in S&P Global Inc. (NYSE:SPGI)

Alpine Woods Capital Investors LLC lowered its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 58.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,169 shares of the business services provider's stock after selling 1,678 shares during the quarter. Alpine Woods Capital Investors LLC's holdings in S&P Global were worth $594,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SPGI. Brighton Jones LLC boosted its position in S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock valued at $1,582,000 after purchasing an additional 143 shares during the period. Bank Pictet & Cie Europe AG raised its stake in S&P Global by 3.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock valued at $37,093,000 after acquiring an additional 2,413 shares in the last quarter. GHE LLC raised its stake in S&P Global by 2.1% during the 4th quarter. GHE LLC now owns 13,504 shares of the business services provider's stock valued at $6,725,000 after acquiring an additional 274 shares in the last quarter. Assetmark Inc. raised its stake in S&P Global by 25.3% during the 4th quarter. Assetmark Inc. now owns 1,626 shares of the business services provider's stock valued at $810,000 after acquiring an additional 328 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its stake in S&P Global by 42.8% during the 4th quarter. Proficio Capital Partners LLC now owns 1,244 shares of the business services provider's stock valued at $619,000 after acquiring an additional 373 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

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 value of $255,215.00. Following the transaction, the executive vice president owned 5,131 shares in the company, valued at $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.10% of the company's stock.

S&P Global Stock Down 0.3%

Shares of SPGI stock traded down $1.69 on Friday, reaching $528.14. 359,791 shares of the company's stock traded hands, compared to its average volume of 1,227,924. S&P Global Inc. has a 12-month low of $427.14 and a 12-month 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. The company has a market capitalization of $161.98 billion, a P/E ratio of 41.49, a price-to-earnings-growth ratio of 2.57 and a beta of 1.19. The business's 50 day moving average price is $515.23 and its two-hundred day moving average price is $505.32.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share 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 business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the company posted $4.01 earnings per share. S&P Global's revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.73%. S&P Global's dividend payout ratio is 30.16%.

Analysts Set New Price Targets

Several analysts have weighed in on SPGI shares. Stifel Nicolaus cut their target price on S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Argus raised S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. dropped their price objective on S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Morgan Stanley boosted their price objective on S&P Global from $587.00 to $595.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Oppenheimer boosted their price objective on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Two 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 company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $596.79.

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.