900 Shares in S&P Global Inc. (NYSE:SPGI) Purchased by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC purchased a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 900 shares of the business services provider's stock, valued at approximately $448,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SPGI. Brighton Jones LLC raised its holdings in S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock valued at $1,582,000 after buying an additional 143 shares in the last quarter. RFG Advisory LLC lifted its holdings in S&P Global by 22.3% during the 4th quarter. RFG Advisory LLC now owns 604 shares of the business services provider's stock worth $301,000 after buying an additional 110 shares in the last quarter. Sound Income Strategies LLC grew its holdings in S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock worth $36,000 after acquiring an additional 63 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of S&P Global by 203.8% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 562 shares of the business services provider's stock valued at $280,000 after acquiring an additional 377 shares during the period. Finally, Cottonwood Capital Advisors LLC acquired a new position in shares of S&P Global in the 4th quarter valued at $221,000. 87.17% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other S&P Global news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction 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 now directly owns 5,131 shares in the company, valued at $2,619,016.33. This trade represents 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 at this hyperlink. 0.10% of the stock is owned by insiders.

S&P Global Stock Down 1.0%

Shares of S&P Global stock traded down $5.37 on Wednesday, reaching $511.33. The stock had a trading volume of 877,935 shares, compared to its average volume of 1,220,699. The company has a 50 day moving average price of $491.60 and a 200 day moving average price of $503.77. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 1 year low of $419.49 and a 1 year high of $545.39. The stock has a market capitalization of $156.82 billion, a P/E ratio of 41.40, a P/E/G ratio of 2.41 and a beta of 1.23.

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 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 company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the company posted $4.01 earnings per share. S&P Global's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. S&P Global's payout ratio is 30.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. cut their price objective on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. BMO Capital Markets raised their price objective on S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Wells Fargo & Company increased their price objective on S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Bank of America started 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 for the company. Finally, UBS Group upped their price target on S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Two investment 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $592.71.

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.