S&P Global Inc. (NYSE:SPGI) Shares Sold by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 23.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,616 shares of the business services provider's stock after selling 1,414 shares during the quarter. Cyndeo Wealth Partners LLC's holdings in S&P Global were worth $2,345,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Wealthfront Advisers LLC raised its position in S&P Global by 19.1% during the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock valued at $18,799,000 after purchasing an additional 6,051 shares in the last quarter. Graham Capital Management L.P. purchased a new position in shares of S&P Global during the fourth quarter valued at $14,040,000. Freestone Capital Holdings LLC raised its holdings in shares of S&P Global by 0.4% in the fourth quarter. Freestone Capital Holdings LLC now owns 11,499 shares of the business services provider's stock valued at $5,727,000 after acquiring an additional 49 shares in the last quarter. Asahi Life Asset Management CO. LTD. lifted its stake in S&P Global by 85.9% in the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 1,288 shares of the business services provider's stock worth $641,000 after acquiring an additional 595 shares during the period. Finally, Coalescence Partners Investment Management LP lifted its stake in S&P Global by 62.7% in the fourth quarter. Coalescence Partners Investment Management LP now owns 30,089 shares of the business services provider's stock worth $14,985,000 after acquiring an additional 11,599 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Mizuho started coverage on S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price target on the stock. Stifel Nicolaus dropped their price objective on S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Wells Fargo & Company lifted their target price on S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Argus raised shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Finally, Bank of America assumed coverage on shares of S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target on the stock. Two equities 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. According to data from MarketBeat, S&P Global presently has an average rating of "Moderate Buy" and an average price target of $592.71.

Insider Transactions at S&P Global

In related news, EVP Sally Moore sold 500 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the transaction, the executive vice president now directly owns 5,131 shares in the company, valued at $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.10% of the company's stock.

S&P Global Stock Performance

S&P Global stock traded up $2.92 during mid-day trading on Wednesday, reaching $503.99. 133,901 shares of the company traded hands, compared to its average volume of 1,316,252. The firm's fifty day moving average is $498.92 and its two-hundred day moving average is $503.69. The company has a market capitalization of $154.57 billion, a price-to-earnings ratio of 39.59, a price-to-earnings-growth ratio of 2.46 and a beta of 1.20. 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 debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90.

S&P Global (NYSE:SPGI - Get Free Report) last announced 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 firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The business's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company earned $4.01 earnings per share. On average, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Wednesday, May 28th. S&P Global's payout ratio is 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.