Brown Advisory Inc. Sells 108,237 Shares of S&P Global Inc. (NYSE:SPGI)

Brown Advisory Inc. lowered its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 16.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 566,717 shares of the business services provider's stock after selling 108,237 shares during the quarter. Brown Advisory Inc. owned approximately 0.18% of S&P Global worth $287,949,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SPGI. Wealthfront Advisers LLC grew its stake in S&P Global by 19.1% during the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock valued at $18,799,000 after acquiring an additional 6,051 shares in the last quarter. Graham Capital Management L.P. purchased a new position in S&P Global during the 4th quarter valued at about $14,040,000. GAMMA Investing LLC grew its stake in S&P Global by 20.2% during the 1st quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock valued at $2,139,000 after acquiring an additional 708 shares in the last quarter. Wayfinding Financial LLC purchased a new position in S&P Global during the 4th quarter valued at about $300,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in S&P Global by 1.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock valued at $44,102,000 after acquiring an additional 1,166 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

Insider Transactions at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the company's stock in a transaction that occurred on 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 owned 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by insiders.

S&P Global Stock Performance

S&P Global stock traded down $0.66 during trading hours on Wednesday, reaching $525.73. 139,510 shares of the company were exchanged, compared to its average volume of 1,314,821. The firm has a market cap of $161.24 billion, a price-to-earnings ratio of 41.30, a PEG ratio of 2.58 and a beta of 1.19. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average of $514.05 and a 200 day moving average of $504.94. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last announced its 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 firm had revenue of $3.78 billion during 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%. The company's revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.01 earnings per share. As a group, research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be given 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 yield of 0.73%. S&P Global's payout ratio is currently 30.16%.

Analyst Ratings Changes

SPGI has been the topic of several research analyst reports. Stifel Nicolaus lowered their target price on 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. Wells Fargo & Company boosted their price target on S&P Global from $627.00 to $632.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Bank of America started 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. Morgan Stanley boosted their price target on S&P Global from $587.00 to $595.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Mizuho started coverage on S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price target for the company. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $596.79.

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.