Chapin Davis Inc. Purchases 710 Shares of S&P Global Inc. (NYSE:SPGI)

Chapin Davis Inc. raised its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 156.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,163 shares of the business services provider's stock after buying an additional 710 shares during the quarter. Chapin Davis Inc.'s holdings in S&P Global were worth $591,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Wealthfront Advisers LLC raised its stake in S&P Global by 19.1% during the fourth quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock worth $18,799,000 after acquiring an additional 6,051 shares in the last quarter. Graham Capital Management L.P. bought a new stake in shares of S&P Global during the fourth quarter worth $14,040,000. Freestone Capital Holdings LLC increased its holdings in shares of S&P Global by 0.4% during the fourth quarter. Freestone Capital Holdings LLC now owns 11,499 shares of the business services provider's stock worth $5,727,000 after buying an additional 49 shares in the last quarter. Asahi Life Asset Management CO. LTD. lifted its stake in shares of S&P Global by 85.9% in 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 acquiring an additional 595 shares during the last quarter. Finally, Coalescence Partners Investment Management LP lifted its stake in shares of S&P Global by 62.7% in 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 acquiring an additional 11,599 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SPGI. Bank of America assumed coverage on S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 target price for the company. Mizuho assumed coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective for the company. Robert W. Baird cut their target price on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. dropped their price target on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $592.71.

S&P Global Price Performance

S&P Global stock opened at $503.85 on Monday. The stock has a market capitalization of $154.53 billion, a price-to-earnings ratio of 39.58, a PEG ratio of 2.46 and a beta of 1.20. S&P Global Inc. has a 52-week low of $427.14 and a 52-week 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. The stock's 50 day moving average price is $501.16 and its two-hundred day moving average price is $503.25.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results 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. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the firm earned $4.01 earnings per share. S&P Global's revenue was up 8.2% on a year-over-year basis. On average, equities analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders 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 dividend yield of 0.76%. S&P Global's dividend payout ratio is 30.16%.

Insider Transactions at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of S&P Global 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 now owns 5,131 shares in the company, 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 the SEC website. 0.10% of the stock is owned by insiders.

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.

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