Bourgeon Capital Management LLC Has $609,000 Holdings in S&P Global Inc. (NYSE:SPGI)

Bourgeon Capital Management LLC reduced its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 30.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,199 shares of the business services provider's stock after selling 535 shares during the period. Bourgeon Capital Management LLC's holdings in S&P Global were worth $609,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. ST Germain D J Co. Inc. grew its position in S&P Global by 9.5% in the first quarter. ST Germain D J Co. Inc. now owns 357 shares of the business services provider's stock valued at $181,000 after purchasing an additional 31 shares in the last quarter. Merit Financial Group LLC increased its position in shares of S&P Global by 16.2% in the first quarter. Merit Financial Group LLC now owns 23,321 shares of the business services provider's stock valued at $11,850,000 after acquiring an additional 3,251 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in S&P Global by 69.4% during the first quarter. Harbor Investment Advisory LLC now owns 3,494 shares of the business services provider's stock valued at $1,775,000 after purchasing an additional 1,432 shares during the last quarter. LVW Advisors LLC grew its stake in S&P Global by 7.4% in the first quarter. LVW Advisors LLC now owns 3,422 shares of the business services provider's stock valued at $1,739,000 after purchasing an additional 235 shares in the last quarter. Finally, NBC Securities Inc. increased its position in shares of S&P Global by 129,650.0% during the 1st quarter. NBC Securities Inc. now owns 2,595 shares of the business services provider's stock worth $1,318,000 after purchasing an additional 2,593 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SPGI shares. UBS Group increased their price objective on S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Stifel Nicolaus lowered their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Argus upgraded S&P Global to a "strong-buy" rating in a research note on Friday, May 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 report on Wednesday, April 30th. Finally, Evercore ISI upped their price objective on shares of S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $592.71.

Insiders Place Their Bets

In other news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the transaction, the executive vice president now owns 5,131 shares of the company's stock, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company's stock.

S&P Global Price Performance

NYSE:SPGI traded up $1.90 during mid-day trading on Wednesday, reaching $514.20. The stock had a trading volume of 712,324 shares, compared to its average volume of 1,218,958. S&P Global Inc. has a 12 month low of $425.49 and a 12 month high of $545.39. The stock has a market capitalization of $157.71 billion, a PE ratio of 41.64, a P/E/G ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a 50-day simple moving average of $492.23 and a two-hundred day simple moving average of $503.97.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating 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 14.33% and a net margin of 27.12%. During the same quarter in the previous year, the business posted $4.01 earnings per share. The business's revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities analysts anticipate 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 given a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. S&P Global's dividend payout ratio is currently 30.16%.

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.