Cypress Asset Management Inc. TX Buys Shares of 5,169 S&P Global Inc. (NYSE:SPGI)

Cypress Asset Management Inc. TX acquired a new position in S&P Global Inc. (NYSE:SPGI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,169 shares of the business services provider's stock, valued at approximately $2,599,000.

Several other hedge funds have also bought and sold shares of the stock. Brighton Jones LLC increased its stake in shares of 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 valued at $1,582,000 after purchasing an additional 143 shares in the last quarter. RFG Advisory LLC grew its holdings in S&P Global by 22.3% in the fourth quarter. RFG Advisory LLC now owns 604 shares of the business services provider's stock valued at $301,000 after purchasing an additional 110 shares during the period. Sound Income Strategies LLC grew its holdings in S&P Global by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock valued at $36,000 after purchasing an additional 63 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of S&P Global by 203.8% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 562 shares of the business services provider's stock valued at $280,000 after buying an additional 377 shares in the last quarter. Finally, Cottonwood Capital Advisors LLC acquired a new position in shares of S&P Global during the 4th quarter worth approximately $221,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SPGI. Stifel Nicolaus dropped 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 research note on Wednesday, April 30th. UBS Group upped their price objective on shares of S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Mizuho initiated coverage on shares of S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price target for the company. Finally, Bank of America initiated coverage on shares of S&P Global in a research note on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $592.71.

S&P Global Price Performance

SPGI stock traded up $6.65 during mid-day trading on Tuesday, reaching $516.67. The company's stock had a trading volume of 875,271 shares, compared to its average volume of 1,221,985. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The company's 50 day moving average is $491.60 and its two-hundred day moving average is $503.77. S&P Global Inc. has a fifty-two week low of $419.49 and a fifty-two week high of $545.39. The stock has a market cap of $158.46 billion, a PE ratio of 41.84, a P/E/G ratio of 2.41 and a beta of 1.23.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly 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 14.33% and a net margin of 27.12%. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the business earned $4.01 earnings per share. The business's revenue was up 8.2% compared to the same quarter last year. Equities research 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 announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global's dividend payout ratio (DPR) is presently 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.10% of the company's stock.

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.