Blue Zone Wealth Advisors LLC Increases Holdings in S&P Global Inc. (NYSE:SPGI)

Blue Zone Wealth Advisors LLC increased its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 9.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,265 shares of the business services provider's stock after buying an additional 1,012 shares during the quarter. S&P Global accounts for about 1.7% of Blue Zone Wealth Advisors LLC's holdings, making the stock its 24th biggest holding. Blue Zone Wealth Advisors LLC's holdings in S&P Global were worth $6,232,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Minot DeBlois Advisors LLC bought a new position in S&P Global in the fourth quarter valued at about $25,000. Anderson Financial Strategies LLC bought a new position in S&P Global in the fourth quarter valued at about $27,000. Human Investing LLC bought a new position in S&P Global in the fourth quarter valued at about $30,000. Noble Wealth Management PBC bought a new position in S&P Global in the fourth quarter valued at about $31,000. Finally, Hazlett Burt & Watson Inc. raised its position 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 last quarter. 87.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other S&P Global news, EVP Sally Moore sold 500 shares of the business's stock in a transaction dated 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 owns 5,131 shares of the company's stock, 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 is accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Trading Up 0.7%

SPGI traded up $3.82 on Friday, hitting $519.58. 624,281 shares of the company were exchanged, compared to its average volume of 1,221,082. The stock has a market capitalization of $159.36 billion, a PE ratio of 42.07, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 12 month low of $425.49 and a 12 month high of $545.39. The firm has a fifty day simple moving average of $492.79 and a two-hundred day simple moving average of $504.25. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

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, beating analysts' consensus estimates 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 company had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same quarter last year, the business posted $4.01 EPS. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. Sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Wednesday, May 28th. S&P Global's payout ratio is currently 30.16%.

Analyst Upgrades and Downgrades

SPGI has been the subject of several recent research reports. 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. 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. UBS Group increased 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. Wall Street Zen cut S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, 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. Two 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 company's stock. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of "Moderate Buy" and an average price target of $592.71.

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.