Dupont Capital Management Corp Purchases 2,033 Shares of S&P Global Inc. (NYSE:SPGI)

Dupont Capital Management Corp grew its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 7.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,282 shares of the business services provider's stock after buying an additional 2,033 shares during the quarter. S&P Global accounts for about 1.7% of Dupont Capital Management Corp's portfolio, making the stock its 15th largest holding. Dupont Capital Management Corp's holdings in S&P Global were worth $15,386,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Rockline Wealth Management LLC raised its position in shares of S&P Global by 5.8% in the 1st quarter. Rockline Wealth Management LLC now owns 9,799 shares of the business services provider's stock valued at $4,979,000 after buying an additional 536 shares in the last quarter. Carret Asset Management LLC raised its position in shares of S&P Global by 8.9% in the 1st quarter. Carret Asset Management LLC now owns 2,464 shares of the business services provider's stock valued at $1,252,000 after buying an additional 201 shares in the last quarter. Brady Family Wealth LLC raised its position in shares of S&P Global by 0.8% in the 1st quarter. Brady Family Wealth LLC now owns 7,274 shares of the business services provider's stock valued at $3,696,000 after buying an additional 61 shares in the last quarter. Blue Trust Inc. raised its position in shares of S&P Global by 8.5% in the 1st quarter. Blue Trust Inc. now owns 2,268 shares of the business services provider's stock valued at $1,152,000 after buying an additional 177 shares in the last quarter. Finally, ORG Wealth Partners LLC raised its position in shares of S&P Global by 27.1% in the 1st quarter. ORG Wealth Partners LLC now owns 1,293 shares of the business services provider's stock valued at $661,000 after buying an additional 276 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Up 0.2%

NYSE SPGI traded up $1.22 on Friday, hitting $503.85. The company's stock had a trading volume of 2,078,049 shares, compared to its average volume of 1,230,529. 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 1-year low of $427.14 and a 1-year high of $545.39. The company's 50-day moving average is $501.16 and its 200 day moving average is $503.33. The firm has a market cap of $154.53 billion, a PE ratio of 39.58, a PEG ratio of 2.46 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.14. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The firm had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same period in the prior year, the company posted $4.01 EPS. The company's revenue was up 8.2% on a year-over-year basis. As a group, analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal 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 0.76%. The ex-dividend date was Wednesday, May 28th. S&P Global's dividend payout ratio (DPR) is currently 30.16%.

Insider Buying and Selling at S&P Global

In other news, EVP Sally Moore sold 500 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, the executive vice president now directly owns 5,131 shares of the company's stock, valued at approximately $2,619,016.33. This represents 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.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Bank of America assumed coverage on shares of S&P Global in a research report on Thursday, April 10th. They issued a "buy" rating and a $600.00 target price for the company. Wells Fargo & Company upped their price objective on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research report 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. JPMorgan Chase & Co. lowered their price objective on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Stifel Nicolaus lowered their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, S&P Global currently has an average rating of "Moderate Buy" and a consensus price target of $592.71.

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.