Alta Advisers Ltd Has $832,000 Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Alta Advisers Ltd increased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 57.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,637 shares of the business services provider's stock after buying an additional 600 shares during the period. Alta Advisers Ltd's holdings in S&P Global were worth $832,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Minot DeBlois Advisors LLC acquired a new stake in shares of S&P Global in the 4th quarter valued at about $25,000. Anderson Financial Strategies LLC acquired a new stake in shares of S&P Global in the 4th quarter valued at about $27,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of S&P Global in the 1st quarter valued at about $28,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global in the 4th quarter valued at about $31,000. Finally, Hazlett Burt & Watson Inc. grew its stake 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 valued at $32,000 after buying an additional 38 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

Shares of NYSE SPGI opened at $527.99 on Tuesday. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $545.39. The stock's 50 day moving average price is $507.98 and its 200-day moving average price is $503.57. The company has a market capitalization of $161.93 billion, a PE ratio of 41.48, a PEG ratio of 2.52 and a beta of 1.20. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last announced 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. The firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The company's revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.01 EPS. On average, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be issued a $0.96 dividend. The ex-dividend date 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 (DPR) is presently 30.16%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Robert W. Baird reduced their target price on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Stifel Nicolaus cut their price target on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Argus upgraded S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. cut their price target on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, Bank of America initiated coverage on S&P Global in a research note on Thursday, April 10th. They set a "buy" rating and a $600.00 price target for the company. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $592.71.

Insider Activity at S&P Global

In related news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction that occurred on Monday, May 5th. The shares were 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 approximately $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 can be accessed through this hyperlink. Company insiders own 0.10% of the company's stock.

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.

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