Geneva Partners LLC Buys 8,683 Shares of S&P Global Inc. (NYSE:SPGI)

Geneva Partners LLC grew its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 176.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,617 shares of the business services provider's stock after acquiring an additional 8,683 shares during the quarter. S&P Global accounts for 3.6% of Geneva Partners LLC's holdings, making the stock its 11th biggest position. Geneva Partners LLC's holdings in S&P Global were worth $6,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the business. Wealthfront Advisers LLC boosted its position in S&P Global by 19.1% during the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock worth $18,799,000 after acquiring an additional 6,051 shares during the last quarter. Graham Capital Management L.P. acquired a new position in S&P Global during the 4th quarter worth approximately $14,040,000. GAMMA Investing LLC boosted its position in S&P Global by 20.2% during the 1st quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock worth $2,139,000 after acquiring an additional 708 shares during the last quarter. Wayfinding Financial LLC acquired a new position in S&P Global during the 4th quarter worth approximately $300,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in S&P Global by 1.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock worth $44,102,000 after acquiring an additional 1,166 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Up 0.1%

Shares of S&P Global stock opened at $530.03 on Tuesday. The business has a fifty day simple moving average of $513.36 and a two-hundred day simple moving average of $504.79. 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 capitalization of $162.56 billion, a price-to-earnings ratio of 41.64, a P/E/G 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 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. The business 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 company's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $4.01 EPS. 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's payout ratio is 30.16%.

Insiders Place Their Bets

In other S&P Global news, EVP Sally Moore sold 500 shares of the stock in a transaction 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 $2,619,016.33. This trade represents a 8.88% decrease in their position. 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.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several recent analyst reports. Robert W. Baird cut their price objective 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 initiated coverage on S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective for the company. Morgan Stanley increased their price objective on S&P Global from $587.00 to $595.00 and gave the company an "overweight" rating in a report on Monday. Mizuho initiated coverage on S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective for the company. Finally, Oppenheimer increased their price objective on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. 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 stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of "Moderate Buy" and an average target price of $593.57.

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.

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