S&P Global Inc. (NYSE:SPGI) Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 14.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,662 shares of the business services provider's stock after buying an additional 952 shares during the period. Ballentine Partners LLC's holdings in S&P Global were worth $3,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in SPGI. Minot DeBlois Advisors LLC purchased a new position in shares of S&P Global during the 4th quarter worth approximately $25,000. Anderson Financial Strategies LLC purchased a new position in shares of S&P Global during the 4th quarter worth approximately $27,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of S&P Global during the 1st quarter worth approximately $28,000. Hazlett Burt & Watson Inc. boosted its position in shares of S&P Global by 131.0% during 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 period. Finally, Alpine Bank Wealth Management purchased a new position in shares of S&P Global during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Stock Down 0.5%

Shares of S&P Global stock traded down $2.78 during trading on Friday, hitting $527.05. 816,683 shares of the stock were exchanged, compared to its average volume of 1,229,109. The stock has a market cap of $161.65 billion, a price-to-earnings ratio of 41.40, a price-to-earnings-growth ratio of 2.58 and a beta of 1.19. The firm's 50-day moving average price is $515.64 and its 200 day moving average price is $505.48. 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 current ratio of 0.90 and a quick 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 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 for the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the business earned $4.01 EPS. S&P Global's revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal 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 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 0.73%. S&P Global's dividend payout ratio is currently 30.16%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. UBS Group increased their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research report on Tuesday. Argus raised shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. lowered their price objective on shares of 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. Bank of America started coverage on shares of S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 price objective for the company. Finally, Robert W. Baird decreased their price target on shares of 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. Two research 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 company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $596.79.

Insider Buying and Selling

In other S&P Global news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction 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 transaction, the executive vice president directly owned 5,131 shares in the company, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by corporate insiders.

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.