Colonial River Investments LLC Takes $281,000 Position in S&P Global Inc. (NYSE:SPGI)

Colonial River Investments LLC purchased a new position in S&P Global Inc. (NYSE:SPGI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 554 shares of the business services provider's stock, valued at approximately $281,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC purchased a new stake in S&P Global in the 4th quarter worth about $25,000. Anderson Financial Strategies LLC bought a new stake in shares of S&P Global in the 4th quarter valued at about $27,000. Noble Wealth Management PBC purchased a new position in S&P Global in the fourth quarter worth $31,000. Hazlett Burt & Watson Inc. raised its stake in S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after buying an additional 38 shares during the last quarter. Finally, Alpine Bank Wealth Management acquired a new stake in S&P Global in the 1st quarter worth approximately $33,000. Institutional investors own 87.17% of the company's stock.

S&P Global Trading Up 0.5%

NYSE:SPGI traded up $2.50 on Monday, reaching $520.21. The company's stock had a trading volume of 250,233 shares, compared to its average volume of 1,226,926. The firm has a market cap of $159.55 billion, a price-to-earnings ratio of 40.80, a price-to-earnings-growth ratio of 2.52 and a beta of 1.20. The company has a quick ratio of 0.90, a current 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 stock has a 50 day moving average price of $506.39 and a 200 day moving average price of $503.41.

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 analysts' consensus estimates 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 company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the company earned $4.01 earnings per share. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, August 26th. 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 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 transaction 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. 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 at the SEC website. Corporate insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SPGI shares. Robert W. Baird cut their price target on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. UBS Group boosted their target price on shares of S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Stifel Nicolaus lowered their price target on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Mizuho initiated coverage on S&P Global in a research note on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their target price on S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Two research 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 a consensus target price 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.