Clarius Group LLC Buys 869 Shares of S&P Global Inc. (NYSE:SPGI)

Clarius Group LLC boosted its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 35.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,309 shares of the business services provider's stock after purchasing an additional 869 shares during the quarter. Clarius Group LLC's holdings in S&P Global were worth $1,681,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of S&P Global in the fourth quarter worth about $1,725,084,000. GAMMA Investing LLC increased its stake in S&P Global by 60,982.3% in the 1st quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock worth $1,086,877,000 after acquiring an additional 2,135,599 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of S&P Global during the 4th quarter worth approximately $527,207,000. Proficio Capital Partners LLC boosted its position in shares of S&P Global by 71,024.1% during the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock valued at $308,525,000 after acquiring an additional 618,620 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of S&P Global by 19.1% during the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock valued at $1,631,568,000 after acquiring an additional 525,347 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $501.15 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $545.39. The company has a market capitalization of $153.70 billion, a price-to-earnings ratio of 39.37, a PEG ratio of 2.46 and a beta of 1.20. The firm's 50-day moving average is $498.92 and its 200 day moving average is $503.69.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.14. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the business earned $4.01 earnings per share. The company's revenue for the quarter was up 8.2% compared to the same quarter last year. Research 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 announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were paid a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a yield of 0.77%. S&P Global's payout ratio is 30.16%.

Insiders Place Their Bets

In other S&P Global 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 value of $255,215.00. Following the completion of the sale, the executive vice president now directly owns 5,131 shares of the company's stock, valued at $2,619,016.33. The trade was a 8.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SPGI shares. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Robert W. Baird lowered their price objective 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. Wall Street Zen cut shares of S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Wells Fargo & Company upped their target price on shares of S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Finally, Stifel Nicolaus lowered 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 report on Wednesday, April 30th. 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 MarketBeat.com, the company currently has an average 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.

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