GAM Holding AG Acquires 1,074 Shares of S&P Global Inc. (NYSE:SPGI)

GAM Holding AG raised its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 21.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,162 shares of the business services provider's stock after purchasing an additional 1,074 shares during the period. GAM Holding AG's holdings in S&P Global were worth $3,131,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Minot DeBlois Advisors LLC bought a new stake in S&P Global in the 4th quarter worth about $25,000. Anderson Financial Strategies LLC purchased a new stake in shares of S&P Global during the 4th quarter valued at about $27,000. Noble Wealth Management PBC bought a new stake in shares of S&P Global in the fourth quarter worth approximately $31,000. Hazlett Burt & Watson Inc. raised its holdings in shares of S&P Global by 131.0% during the fourth 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 during the last quarter. Finally, BankPlus Trust Department purchased a new position in shares of S&P Global during the fourth quarter valued at approximately $40,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Performance

SPGI traded up $1.22 during midday trading on Friday, reaching $503.85. The company had a trading volume of 2,078,049 shares, compared to its average volume of 1,230,529. The business has a 50-day moving average of $501.16 and a two-hundred day moving average of $503.33. 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 has a market cap of $154.53 billion, a P/E ratio of 39.58, a P/E/G ratio of 2.46 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The firm's revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $4.01 EPS. As a group, equities research 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 company 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. The ex-dividend date was Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.76%. S&P Global's payout ratio is currently 30.16%.

Insiders Place Their Bets

In other news, EVP Sally Moore sold 500 shares of the business's stock in a transaction dated Monday, May 5th. The stock was 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

SPGI has been the topic of several research reports. JPMorgan Chase & Co. dropped their target price on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Bank of America assumed coverage on S&P Global in a report on Thursday, April 10th. They set a "buy" rating and a $600.00 price target on the stock. Argus raised S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Stifel Nicolaus reduced their price objective on 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. Finally, Mizuho assumed coverage on S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price on the stock. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.