Birch Hill Investment Advisors LLC Buys 1,181 Shares of S&P Global Inc. (NYSE:SPGI)

Birch Hill Investment Advisors LLC lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,922 shares of the business services provider's stock after purchasing an additional 1,181 shares during the quarter. S&P Global accounts for about 2.5% of Birch Hill Investment Advisors LLC's portfolio, making the stock its 14th biggest position. Birch Hill Investment Advisors LLC's holdings in S&P Global were worth $52,803,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Minot DeBlois Advisors LLC acquired a new stake in S&P Global in the 4th quarter valued at approximately $25,000. Anderson Financial Strategies LLC acquired a new stake in S&P Global in the 4th quarter valued at approximately $27,000. Human Investing LLC acquired a new stake in S&P Global in the 4th quarter valued at approximately $30,000. Noble Wealth Management PBC bought a new position in S&P Global in the fourth quarter valued at approximately $31,000. Finally, Hazlett Burt & Watson Inc. grew its stake 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 in the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of analyst reports. Bank of America initiated coverage on S&P Global in a research note on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target for the company. JPMorgan Chase & Co. decreased 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. Wells Fargo & Company raised their price target on S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Robert W. Baird decreased their price target 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. Finally, UBS Group raised their price target on S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, S&P Global has an average rating of "Moderate Buy" and an average target price of $592.71.

S&P Global Stock Performance

SPGI traded down $3.85 during trading on Tuesday, hitting $501.15. The stock had a trading volume of 1,197,002 shares, compared to its average volume of 1,224,466. The company has a 50 day moving average price of $498.39 and a 200-day moving average price of $503.71. The firm has a market cap of $153.70 billion, a price-to-earnings ratio of 40.58, a P/E/G ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a one year low of $427.14 and a one year high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

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

S&P Global Announces Dividend

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

Insider Activity at S&P Global

In other news, EVP Sally Moore sold 500 shares of the company's 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 completion of the sale, the executive vice president now directly owns 5,131 shares in the company, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

About S&P Global

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.