S&P Global Inc. (NYSE:SPGI) Shares Sold by Alta Capital Management LLC

Alta Capital Management LLC decreased its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 9.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,277 shares of the business services provider's stock after selling 8,991 shares during the quarter. S&P Global accounts for approximately 2.8% of Alta Capital Management LLC's portfolio, making the stock its 14th largest holding. Alta Capital Management LLC's holdings in S&P Global were worth $42,822,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SPGI. Brighton Jones LLC grew its position in shares of 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 acquiring an additional 143 shares during the period. Van ECK Associates Corp boosted its position in S&P Global by 3.3% during the fourth quarter. Van ECK Associates Corp now owns 8,020 shares of the business services provider's stock worth $3,994,000 after purchasing an additional 256 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in S&P Global by 3.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock worth $37,093,000 after purchasing an additional 2,413 shares in the last quarter. Allworth Financial LP boosted its position in S&P Global by 29.6% during the fourth quarter. Allworth Financial LP now owns 1,951 shares of the business services provider's stock worth $997,000 after purchasing an additional 446 shares in the last quarter. Finally, Atria Wealth Solutions Inc. boosted its position in S&P Global by 12.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 11,519 shares of the business services provider's stock worth $5,736,000 after purchasing an additional 1,265 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other S&P Global news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction dated Monday, May 5th. The shares were 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. This trade represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SPGI. Argus upgraded S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Robert W. Baird dropped their target price on shares of 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. dropped their target price on shares of 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. Mizuho began coverage on shares of S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price on the stock. Finally, UBS Group increased their target price on S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $592.71.

S&P Global Price Performance

Shares of NYSE:SPGI traded up $1.22 during midday trading on Friday, hitting $503.85. The company had a trading volume of 2,078,049 shares, compared to its average volume of 1,231,077. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $154.53 billion, a price-to-earnings ratio of 39.58, a price-to-earnings-growth ratio of 2.45 and a beta of 1.20. The business's 50-day simple moving average is $501.16 and its 200-day simple moving average is $503.44.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.23 by $0.14. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The firm had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same period last year, the business earned $4.01 earnings per share. S&P Global's revenue was up 8.2% compared to the same quarter last year. On average, research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, May 28th. S&P Global's 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.