Chapman Investment Management LLC Takes Position in S&P Global Inc. (NYSE:SPGI)

Chapman Investment Management LLC purchased a new position in S&P Global Inc. (NYSE:SPGI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,687 shares of the business services provider's stock, valued at approximately $3,398,000. S&P Global comprises 2.5% of Chapman Investment Management LLC's investment portfolio, making the stock its 15th largest position.

A number of other hedge funds have also recently made changes to their positions in SPGI. Stegent Equity Advisors Inc. boosted its holdings in shares of S&P Global by 3.1% in the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider's stock valued at $335,000 after buying an additional 20 shares in the last quarter. Xponance Inc. raised its position in shares of S&P Global by 0.5% in the 1st quarter. Xponance Inc. now owns 49,736 shares of the business services provider's stock valued at $25,271,000 after purchasing an additional 245 shares during the last quarter. Kesler Norman & Wride LLC raised its position in shares of S&P Global by 12.9% in the 1st quarter. Kesler Norman & Wride LLC now owns 6,480 shares of the business services provider's stock valued at $3,294,000 after purchasing an additional 741 shares during the last quarter. Burford Brothers Inc. lifted its stake in shares of S&P Global by 2.8% during the first quarter. Burford Brothers Inc. now owns 794 shares of the business services provider's stock worth $403,000 after buying an additional 22 shares during the period. Finally, MJP Associates Inc. ADV lifted its stake in shares of S&P Global by 4.7% during the first quarter. MJP Associates Inc. ADV now owns 734 shares of the business services provider's stock worth $373,000 after buying an additional 33 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Oppenheimer lifted their price objective on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Robert W. Baird reduced their price target on shares of 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. Bank of America began coverage on shares of S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 price target for the company. Stifel Nicolaus reduced their price target 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. Finally, Morgan Stanley raised their price target on shares of S&P Global from $587.00 to $595.00 and gave the stock an "overweight" rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $596.79.

S&P Global Trading Down 0.5%

Shares of NYSE SPGI traded down $2.78 on Friday, reaching $527.05. 816,683 shares of the company traded hands, compared to its average volume of 1,229,109. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $545.39. The company has a 50 day moving average of $515.23 and a 200 day moving average of $505.32. 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 capitalization of $161.65 billion, a PE ratio of 41.40, a P/E/G ratio of 2.58 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $3.72 billion. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The company's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.01 EPS. On average, equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

Insider Transactions at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the company's stock in a transaction that occurred on 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 transaction, the executive vice president owned 5,131 shares in the company, valued at $2,619,016.33. This represents a 8.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.10% of the company's stock.

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.