Elyxium Wealth LLC Invests $270,000 in S&P Global Inc. (NYSE:SPGI)

Elyxium Wealth LLC bought a new position in S&P Global Inc. (NYSE:SPGI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 532 shares of the business services provider's stock, valued at approximately $270,000.

Other hedge funds have also modified their holdings of the company. Minot DeBlois Advisors LLC acquired a new stake in S&P Global during the 4th quarter valued at $25,000. Anderson Financial Strategies LLC acquired a new stake in S&P Global during the 4th quarter valued at $27,000. Smallwood Wealth Investment Management LLC acquired a new stake in S&P Global during the 1st quarter valued at $28,000. Hazlett Burt & Watson Inc. increased its holdings in S&P Global by 131.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after purchasing an additional 38 shares in the last quarter. Finally, Alpine Bank Wealth Management acquired a new stake in S&P Global during the 1st quarter valued at $33,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SPGI shares. Robert W. Baird dropped their price target on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Bank of America started coverage on S&P Global in a report on Thursday, April 10th. They set a "buy" rating and a $600.00 price target for the company. UBS Group raised their price target on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Wells Fargo & Company raised their price target on S&P Global from $627.00 to $632.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Finally, Oppenheimer lifted their target price on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $596.79.

Insider Buying and Selling at S&P Global

In other news, EVP Sally Moore sold 500 shares of the 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 owned 5,131 shares in the company, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company's stock.

S&P Global Stock Down 0.2%

NYSE:SPGI opened at $524.52 on Monday. S&P Global Inc. has a 1 year low of $427.14 and a 1 year 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. The stock has a market cap of $160.87 billion, a price-to-earnings ratio of 41.20, a PEG ratio of 2.53 and a beta of 1.19. The stock has a 50-day moving average price of $517.59 and a two-hundred day moving average price of $506.43.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.01 earnings per share. As a group, equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be paid a dividend of $0.96 per share. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.73%. S&P Global's dividend payout ratio (DPR) 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.

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