Brown Advisory Inc. Trims Stock Position in S&P Global Inc. (NYSE:SPGI)

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC purchased a new stake in S&P Global in the fourth quarter valued at $25,000. Anderson Financial Strategies LLC acquired a new stake in shares of S&P Global in the fourth quarter valued at $27,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of S&P Global in the first quarter valued at $28,000. Hazlett Burt & Watson Inc. grew its stake in shares of S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after buying an additional 38 shares in the last quarter. Finally, Alpine Bank Wealth Management acquired a new stake in shares of S&P Global in the first quarter valued at $33,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

Insider Buying and Selling at S&P Global

In other 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 value of $255,215.00. Following the completion of the sale, the executive vice president directly owned 5,131 shares of the company's stock, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company's stock.

S&P Global Stock Up 0.5%

Shares of NYSE:SPGI traded up $2.39 on Thursday, hitting $531.12. 353,897 shares of the company's stock were exchanged, compared to its average volume of 1,230,041. The firm's 50-day moving average is $514.62 and its 200 day moving average is $505.11. The company has a market capitalization of $162.89 billion, a PE ratio of 41.72, a P/E/G ratio of 2.56 and a beta of 1.19. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.23 by $0.14. The business 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 business's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.01 EPS. Sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders 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 annualized dividend and a dividend yield of 0.72%. S&P Global's dividend payout ratio is currently 30.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Robert W. Baird dropped their price objective on 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. UBS Group lifted their price objective on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research note on Tuesday. Mizuho assumed coverage on S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective for the company. Morgan Stanley lifted their price objective on S&P Global from $587.00 to $595.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Stifel Nicolaus dropped their price objective on 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. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.