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

Brown Advisory Inc. trimmed its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 16.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 566,717 shares of the business services provider's stock after selling 108,237 shares during the period. Brown Advisory Inc. owned approximately 0.18% of S&P Global worth $287,949,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Wealthfront Advisers LLC boosted its position in shares of S&P Global by 19.1% in the fourth quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock worth $18,799,000 after purchasing an additional 6,051 shares during the period. Graham Capital Management L.P. purchased a new stake in shares of S&P Global during the 4th quarter valued at about $14,040,000. GAMMA Investing LLC raised its position in shares of 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 buying an additional 708 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in shares of S&P Global during the 4th quarter valued at about $300,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in S&P Global by 1.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock worth $44,102,000 after purchasing an additional 1,166 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at S&P Global

In related 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 transaction, the executive vice president directly owned 5,131 shares in the company, valued at $2,619,016.33. The trade was 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. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SPGI. JPMorgan Chase & Co. dropped their price objective on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Bank of America started coverage on shares of S&P Global in a research report on Thursday, April 10th. They issued a "buy" rating and a $600.00 target price on the stock. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Oppenheimer lifted their target price on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Mizuho started coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price on the stock. Two 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 company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $596.79.

S&P Global Stock Up 0.4%

Shares of NYSE:SPGI traded up $2.24 during trading on Wednesday, hitting $528.63. 736,705 shares of the company were exchanged, compared to its average volume of 1,233,466. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $545.39. The firm has a fifty day moving average price of $514.05 and a two-hundred day moving average price of $504.94. The stock has a market cap of $162.13 billion, a price-to-earnings ratio of 41.53, a P/E/G ratio of 2.56 and a beta of 1.19.

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 EPS for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The company had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same quarter in the previous year, the firm earned $4.01 EPS. S&P Global's revenue was up 8.2% on a year-over-year basis. As a group, research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Tuesday, August 26th. S&P Global's payout ratio is 30.16%.

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.