BNC Wealth Management LLC lifted its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 20.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,440 shares of the business services provider's stock after acquiring an additional 1,804 shares during the period. S&P Global makes up 1.9% of BNC Wealth Management LLC's portfolio, making the stock its 16th biggest position. BNC Wealth Management LLC's holdings in S&P Global were worth $5,305,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Minot DeBlois Advisors LLC acquired a new stake in S&P Global during the 4th quarter valued at $25,000. Anderson Financial Strategies LLC acquired a new stake in S&P Global during the 4th quarter valued at $27,000. Human Investing LLC acquired a new stake in S&P Global during the 4th quarter valued at $30,000. Noble Wealth Management PBC acquired a new stake in S&P Global during the 4th quarter valued at $31,000. Finally, Hazlett Burt & Watson Inc. grew its holdings in S&P Global by 131.0% during the 4th 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
Several research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Argus raised shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Mizuho assumed coverage on shares of S&P Global in a report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective for the company. Bank of America assumed coverage on shares of S&P Global in a report on Thursday, April 10th. They set a "buy" rating and a $600.00 price objective for the company. Finally, UBS Group raised their price objective on shares of S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Two research 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.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $592.71.
Get Our Latest Analysis on SPGI
Insider Activity at S&P Global
In related news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, the executive vice president now directly owns 5,131 shares in the company, valued at $2,619,016.33. This trade represents a 8.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.
S&P Global Stock Performance
Shares of S&P Global stock traded down $4.84 during trading hours 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 company's 50 day simple moving average is $497.12 and its 200 day simple moving average is $503.96. 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 Inc. has a one year low of $427.14 and a one year high of $545.39. The stock has a market cap of $153.67 billion, a P/E ratio of 40.57, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.
S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (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 net margin of 27.12% and a return on equity of 14.33%. The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the firm posted $4.01 EPS. As a group, analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.
S&P Global Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were given a $0.96 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $3.84 annualized dividend and a yield of 0.77%. S&P Global's dividend payout ratio is presently 30.16%.
S&P Global Company Profile
(
Free Report)
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.
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