Bellecapital International Ltd. Lowers Position in S&P Global Inc. (NYSE:SPGI)

Bellecapital International Ltd. lessened its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,720 shares of the business services provider's stock after selling 947 shares during the quarter. S&P Global makes up 3.1% of Bellecapital International Ltd.'s holdings, making the stock its 13th biggest position. Bellecapital International Ltd.'s holdings in S&P Global were worth $15,609,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC acquired a new position in shares of S&P Global in the fourth quarter valued at approximately $25,000. Anderson Financial Strategies LLC acquired a new stake in shares of S&P Global in the fourth quarter valued at about $27,000. Human Investing LLC purchased a new position in S&P Global during the 4th quarter valued at about $30,000. Noble Wealth Management PBC purchased a new stake in shares of S&P Global during the fourth quarter worth about $31,000. Finally, Hazlett Burt & Watson Inc. grew its holdings in S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Robert W. Baird cut their price target on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their target price 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. Wall Street Zen lowered shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Wells Fargo & Company raised their target price on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Finally, Bank of America initiated coverage on shares of S&P Global in a research report on Thursday, April 10th. They issued 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 given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $592.71.

Insider Buying and Selling at S&P Global

In other news, EVP Sally Moore sold 500 shares of the company's stock in a transaction that occurred 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 now directly owns 5,131 shares of the company's stock, valued at $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.10% of the company's stock.

S&P Global Price Performance

S&P Global stock traded down $4.84 during midday trading on Friday, reaching $501.03. The company's stock had a trading volume of 1,343,042 shares, compared to its average volume of 1,225,432. The stock has a market cap of $153.67 billion, a PE ratio of 40.57, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $497.12 and a 200-day moving average price of $503.96. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.23 by $0.14. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The business had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. During the same period in the prior year, the business posted $4.01 earnings per share. The firm's revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Wednesday, May 28th. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

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.