S&P Global Inc. (NYSE:SPGI) Shares Purchased by EULAV Asset Management

EULAV Asset Management increased its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 6.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,192 shares of the business services provider's stock after acquiring an additional 4,000 shares during the period. EULAV Asset Management's holdings in S&P Global were worth $34,648,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Personal CFO Solutions LLC raised its stake in shares of S&P Global by 3.1% in the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock valued at $336,000 after acquiring an additional 20 shares in the last quarter. Invenio Wealth Partners LLC raised its stake in shares of S&P Global by 4.0% in the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock valued at $286,000 after acquiring an additional 22 shares in the last quarter. Retirement Planning Group LLC raised its stake in S&P Global by 0.4% in the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock valued at $2,870,000 after buying an additional 22 shares in the last quarter. SeaCrest Wealth Management LLC raised its stake in S&P Global by 2.1% in the first quarter. SeaCrest Wealth Management LLC now owns 1,132 shares of the business services provider's stock valued at $575,000 after buying an additional 23 shares in the last quarter. Finally, Gitterman Wealth Management LLC raised its stake in S&P Global by 5.7% in the fourth quarter. Gitterman Wealth Management LLC now owns 483 shares of the business services provider's stock valued at $241,000 after buying an additional 26 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SPGI shares. Stifel Nicolaus cut their price target on 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. Bank of America started coverage on 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. Oppenheimer raised their price target 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. Robert W. Baird cut their price target on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, 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 research note on Tuesday. Two research 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $596.79.

Insider Buying and Selling at S&P Global

In related 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 sale, the executive vice president directly owned 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 filing with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by company insiders.

S&P Global Stock Performance

Shares of SPGI stock traded down $2.83 during midday trading on Tuesday, hitting $527.35. The company had a trading volume of 189,751 shares, compared to its average volume of 1,229,762. The company's 50 day simple moving average is $513.36 and its 200 day simple moving average is $504.79. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $545.39. The stock has a market cap of $161.74 billion, a price-to-earnings ratio of 41.45, a PEG ratio of 2.58 and a beta of 1.19. 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 earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.23 by $0.14. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the business posted $4.01 EPS. The company's revenue was up 8.2% on a year-over-year basis. Research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a $0.96 dividend. The ex-dividend date of this dividend 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 presently 30.16%.

S&P Global 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.