Byrne Asset Management LLC Raises Position in S&P Global Inc. (NYSE:SPGI)

Byrne Asset Management LLC grew its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 5,350.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 654 shares of the business services provider's stock after purchasing an additional 642 shares during the quarter. Byrne Asset Management LLC's holdings in S&P Global were worth $332,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of S&P Global by 1.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock worth $44,102,000 after acquiring an additional 1,166 shares during the period. Tritonpoint Wealth LLC increased its holdings in S&P Global by 6.6% during the 1st quarter. Tritonpoint Wealth LLC now owns 1,899 shares of the business services provider's stock worth $965,000 after acquiring an additional 117 shares during the period. BNC Wealth Management LLC lifted its stake in S&P Global by 20.9% in the 1st quarter. BNC Wealth Management LLC now owns 10,440 shares of the business services provider's stock worth $5,305,000 after purchasing an additional 1,804 shares in the last quarter. Goldstone Financial Group LLC boosted its holdings in S&P Global by 38.1% in the 1st quarter. Goldstone Financial Group LLC now owns 775 shares of the business services provider's stock valued at $394,000 after purchasing an additional 214 shares during the period. Finally, CVA Family Office LLC grew its position in shares of S&P Global by 8.0% during the 1st quarter. CVA Family Office LLC now owns 806 shares of the business services provider's stock valued at $410,000 after purchasing an additional 60 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Down 0.8%

NYSE SPGI traded down $3.85 on Tuesday, hitting $501.15. The company's stock had a trading volume of 1,193,750 shares, compared to its average volume of 1,224,466. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $545.39. The firm has a market cap of $153.70 billion, a P/E ratio of 40.58, a PEG ratio of 2.41 and a beta of 1.20. The company's 50-day simple moving average is $498.39 and its 200 day simple moving average is $503.71.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data 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. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the business earned $4.01 EPS. The company's revenue for the quarter was up 8.2% on a year-over-year basis. Research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $3.84 annualized dividend and a dividend yield of 0.77%. S&P Global's dividend payout ratio is presently 30.16%.

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 shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the sale, the executive vice president now owns 5,131 shares of the company's stock, 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 legal filing with the SEC, which is available at this link. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on SPGI. JPMorgan Chase & Co. reduced their target price on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research report 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 price objective on the stock. Stifel Nicolaus dropped 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 report on Wednesday, April 30th. Argus raised shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Finally, Wall Street Zen downgraded shares of S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, S&P Global presently has a consensus rating of "Moderate Buy" and an average price target of $592.71.

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.