Breakwater Capital Group bought a new position in S&P Global Inc. (NYSE:SPGI - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm bought 623 shares of the business services provider's stock, valued at approximately $317,000.
A number of other institutional investors also recently bought and sold shares of the stock. Minot DeBlois Advisors LLC acquired a new stake in S&P Global during the 4th quarter valued at approximately $25,000. Anderson Financial Strategies LLC acquired a new stake in S&P Global during the 4th quarter valued at approximately $27,000. Human Investing LLC acquired a new stake in S&P Global during the 4th quarter valued at approximately $30,000. Noble Wealth Management PBC acquired a new stake in S&P Global during the 4th quarter valued at approximately $31,000. Finally, Hazlett Burt & Watson Inc. lifted its stake 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 acquiring an additional 38 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions 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 shares were 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 $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have commented on SPGI. Robert W. Baird decreased their price objective on shares of 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. Stifel Nicolaus decreased their target price on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Evercore ISI boosted their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. BMO Capital Markets boosted their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Finally, Mizuho started coverage on shares of S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price for the company. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, S&P Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $592.71.
View Our Latest Report on S&P Global
S&P Global Price Performance
NYSE SPGI traded up $3.82 on Friday, hitting $519.58. The company had a trading volume of 624,281 shares, compared to its average volume of 1,222,732. The company has a market capitalization of $159.36 billion, a PE ratio of 42.07, a PEG ratio of 2.41 and a beta of 1.20. The company's fifty day moving average price is $492.79 and its 200-day moving average price is $504.25. 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 Inc. has a 12-month low of $425.49 and a 12-month 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 EPS for the quarter, topping the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The firm's revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.01 EPS. As a group, analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.
S&P Global Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global's payout ratio is 30.16%.
S&P Global Profile
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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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