Catalina Capital Group LLC Reduces Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Catalina Capital Group LLC trimmed its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 59.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 616 shares of the business services provider's stock after selling 913 shares during the period. Catalina Capital Group LLC's holdings in S&P Global were worth $313,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Wealthfront Advisers LLC boosted its position 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 purchasing an additional 6,051 shares during the period. Graham Capital Management L.P. acquired a new position in S&P Global during the 4th quarter valued at approximately $14,040,000. Freestone Capital Holdings LLC boosted its position in S&P Global by 0.4% during the 4th quarter. Freestone Capital Holdings LLC now owns 11,499 shares of the business services provider's stock valued at $5,727,000 after purchasing an additional 49 shares during the period. Asahi Life Asset Management CO. LTD. boosted its position in S&P Global by 85.9% during the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 1,288 shares of the business services provider's stock valued at $641,000 after purchasing an additional 595 shares during the period. Finally, Coalescence Partners Investment Management LP boosted its position in S&P Global by 62.7% during the 4th quarter. Coalescence Partners Investment Management LP now owns 30,089 shares of the business services provider's stock valued at $14,985,000 after purchasing an additional 11,599 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 sale, the executive vice president now directly owns 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.10% of the company's stock.

S&P Global Trading Up 0.2%

Shares of SPGI stock traded up $1.22 on Friday, reaching $503.85. The company had a trading volume of 2,078,049 shares, compared to its average volume of 1,231,076. 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 market cap of $154.53 billion, a PE ratio of 39.58, a PEG ratio of 2.45 and a beta of 1.20. The company has a 50-day moving average of $500.39 and a 200-day moving average of $503.54. 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 quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. The company 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%. S&P Global's revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $4.01 EPS. On average, equities analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were issued a dividend of $0.96 per share. The ex-dividend date was Wednesday, May 28th. This represents a $3.84 annualized dividend and a yield of 0.76%. S&P Global's dividend payout ratio is presently 30.16%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SPGI shares. Mizuho started coverage on S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price target for the company. Robert W. Baird reduced their price target on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. UBS Group boosted their price target on S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Argus raised S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Finally, Bank of America began coverage on S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 target price on the stock. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $592.71.

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.