Free Trial

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

S&P Global logo with Finance background

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.

Get Our Latest Report on SPGI

S&P Global Profile

(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.

Featured Stories

Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

Should You Invest $1,000 in S&P Global Right Now?

Before you consider S&P Global, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and S&P Global wasn't on the list.

While S&P Global currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginner's Guide To Retirement Stocks Cover

Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines