Consolidated Planning Corp Has $4.89 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Consolidated Planning Corp lifted its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 26.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,623 shares of the business services provider's stock after purchasing an additional 2,021 shares during the quarter. Consolidated Planning Corp's holdings in S&P Global were worth $4,889,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC lifted its stake in S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock worth $1,582,000 after acquiring an additional 143 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in S&P Global by 3.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock worth $37,093,000 after acquiring an additional 2,413 shares in the last quarter. Global Retirement Partners LLC lifted its stake in S&P Global by 15.4% in the 4th quarter. Global Retirement Partners LLC now owns 1,413 shares of the business services provider's stock worth $704,000 after acquiring an additional 189 shares in the last quarter. Sigma Planning Corp lifted its stake in S&P Global by 12.6% in the 4th quarter. Sigma Planning Corp now owns 1,428 shares of the business services provider's stock worth $711,000 after acquiring an additional 160 shares in the last quarter. Finally, Richardson Capital Management LLC purchased a new stake in S&P Global in the 4th quarter worth about $199,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Insiders Place Their Bets

In other S&P Global news, EVP Sally Moore sold 500 shares of S&P Global 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 transaction, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SPGI. Robert W. Baird reduced their price objective on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. UBS Group raised their price target on S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Argus raised S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Bank of America assumed coverage on S&P Global in a research note on Thursday, April 10th. They set a "buy" rating and a $600.00 price target for the company. Finally, Wells Fargo & Company raised their price target on S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, S&P Global has a consensus rating of "Moderate Buy" and an average price target of $592.71.

S&P Global Stock Performance

Shares of SPGI stock traded up $10.84 during trading on Monday, reaching $515.04. The company had a trading volume of 2,133,033 shares, compared to its average volume of 1,234,146. The firm's 50 day simple moving average is $502.03 and its two-hundred day simple moving average is $503.24. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90. S&P Global Inc. has a one year low of $427.14 and a one year high of $545.39. The company has a market capitalization of $157.96 billion, a PE ratio of 40.46, a PEG ratio of 2.46 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. The business had revenue of $3.78 billion for 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%. The firm's revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $4.01 EPS. Sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.75%. The ex-dividend date was Wednesday, May 28th. S&P Global's dividend payout ratio is currently 30.16%.

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.