BLB&B Advisors LLC Has $11 Million Holdings in S&P Global Inc. (NYSE:SPGI)

BLB&B Advisors LLC trimmed its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,647 shares of the business services provider's stock after selling 490 shares during the quarter. BLB&B Advisors LLC's holdings in S&P Global were worth $10,999,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in SPGI. Brighton Jones LLC raised its holdings in shares of S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock valued at $1,582,000 after buying an additional 143 shares during the last quarter. Bank Pictet & Cie Europe AG increased its position in S&P Global by 3.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock valued at $37,093,000 after acquiring an additional 2,413 shares during the period. GHE LLC raised its stake in S&P Global by 2.1% during the 4th quarter. GHE LLC now owns 13,504 shares of the business services provider's stock valued at $6,725,000 after acquiring an additional 274 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in S&P Global by 31.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 5,629 shares of the business services provider's stock worth $2,803,000 after acquiring an additional 1,338 shares during the period. Finally, Flputnam Investment Management Co. grew its stake in shares of S&P Global by 1.3% in the fourth quarter. Flputnam Investment Management Co. now owns 2,577 shares of the business services provider's stock worth $1,283,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SPGI shares. Wells Fargo & Company lifted their price objective on shares of 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 dropped 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 research report on Wednesday, April 30th. Mizuho initiated coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective for the company. Stifel Nicolaus dropped their target price on S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, Argus upgraded S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $592.71.

Insider Activity at S&P Global

In related news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 5,131 shares of the company's stock, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.10% of the company's stock.

S&P Global Price Performance

Shares of NYSE SPGI traded up $2.22 during mid-day trading on Tuesday, reaching $529.51. The company had a trading volume of 1,193,806 shares, compared to its average volume of 1,231,656. The company has a 50-day moving average price of $507.98 and a two-hundred day moving average price of $503.57. The stock has a market cap of $162.40 billion, a PE ratio of 41.60, a P/E/G ratio of 2.52 and a beta of 1.20. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. The firm had revenue of $3.78 billion for the quarter, compared to analysts' expectations 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 revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $4.01 EPS. On average, equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.73%. S&P Global's dividend 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.