Concurrent Investment Advisors LLC Raises Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Concurrent Investment Advisors LLC lifted its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 28.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,243 shares of the business services provider's stock after acquiring an additional 2,291 shares during the period. Concurrent Investment Advisors LLC's holdings in S&P Global were worth $5,205,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Geode Capital Management LLC lifted its holdings in shares of S&P Global by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock worth $3,273,264,000 after acquiring an additional 116,208 shares during the last quarter. Norges Bank bought a new position in S&P Global in the 4th quarter valued at approximately $1,725,084,000. Northern Trust Corp increased its position in 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 purchasing an additional 525,347 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in S&P Global by 13.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock valued at $1,529,653,000 after purchasing an additional 357,790 shares during the period. Finally, Amundi increased its position in S&P Global by 6.6% during the 4th quarter. Amundi now owns 2,345,377 shares of the business services provider's stock valued at $1,162,979,000 after purchasing an additional 145,434 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

Shares of SPGI traded up $0.42 during trading hours on Monday, reaching $530.03. 872,582 shares of the company's stock traded hands, compared to its average volume of 1,233,856. The firm's 50 day simple moving average is $512.34 and its 200-day simple moving average is $504.53. The stock has a market cap of $162.56 billion, a PE ratio of 41.64, a price-to-earnings-growth ratio of 2.58 and a beta of 1.19. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $545.39. 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 (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping 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 return on equity of 14.68% and a net margin of 27.27%. S&P Global's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.01 EPS. Equities analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be given a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 annualized dividend and a yield of 0.72%. S&P Global's payout ratio is currently 30.16%.

Insiders Place Their Bets

In other news, EVP Sally Moore sold 500 shares of the business'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 transaction, the executive vice president directly owned 5,131 shares of the company's stock, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Morgan Stanley increased their target price on S&P Global from $587.00 to $595.00 and gave the stock an "overweight" rating in a report on Monday. Argus upgraded S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Oppenheimer lifted their target price on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Stifel Nicolaus decreased their price objective on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. decreased their price objective on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of "Moderate Buy" and an average target price of $593.57.

About S&P Global

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.