Bank Julius Baer & Co. Ltd Zurich Sells 26,919 Shares of S&P Global Inc. (NYSE:SPGI)

Bank Julius Baer & Co. Ltd Zurich reduced its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 3.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 694,352 shares of the business services provider's stock after selling 26,919 shares during the quarter. S&P Global accounts for approximately 1.3% of Bank Julius Baer & Co. Ltd Zurich's investment portfolio, making the stock its 17th largest holding. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.23% of S&P Global worth $386,569,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in SPGI. Y Intercept Hong Kong Ltd purchased a new stake in S&P Global in the first quarter valued at approximately $771,000. Oakwell Private Wealth Management LLC purchased a new stake in S&P Global in the first quarter valued at approximately $698,000. Nelson Capital Management LLC boosted its position in S&P Global by 0.9% in the first quarter. Nelson Capital Management LLC now owns 9,712 shares of the business services provider's stock valued at $4,935,000 after buying an additional 83 shares during the last quarter. PFG Advisors boosted its position in S&P Global by 27.1% in the first quarter. PFG Advisors now owns 9,843 shares of the business services provider's stock valued at $5,001,000 after buying an additional 2,100 shares during the last quarter. Finally, Obermeyer Wealth Partners boosted its position in S&P Global by 1.1% in the first quarter. Obermeyer Wealth Partners now owns 3,705 shares of the business services provider's stock valued at $1,882,000 after buying an additional 40 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Down 0.4%

SPGI traded down $2.11 on Tuesday, reaching $520.01. The company's stock had a trading volume of 209,763 shares, compared to its average volume of 1,217,496. The stock has a market cap of $159.49 billion, a price-to-earnings ratio of 40.84, a price-to-earnings-growth ratio of 2.53 and a beta of 1.19. S&P Global Inc. has a 1 year low of $427.14 and a 1 year 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 business's 50 day moving average is $517.59 and its 200 day moving average is $506.43.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. The company 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%. S&P Global's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $4.01 EPS. As a group, research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio is currently 30.16%.

Insider Buying and Selling

In other news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction 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. This trade represents a 8.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SPGI. Wells Fargo & Company increased their price objective on S&P Global from $627.00 to $632.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Morgan Stanley increased their price objective on S&P Global from $587.00 to $595.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. JPMorgan Chase & Co. increased their price objective on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research note on Monday. Argus raised S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Finally, Robert W. Baird reduced their price objective 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. Two investment 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 data from MarketBeat, S&P Global presently has an average rating of "Moderate Buy" and a consensus price target of $601.07.

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.

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.