Inscription Capital LLC Acquires New Shares in S&P Global Inc. (NYSE:SPGI)

Inscription Capital LLC bought a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,079 shares of the business services provider's stock, valued at approximately $548,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. Norges Bank acquired a new stake in shares of S&P Global in the 4th quarter valued at approximately $1,725,084,000. GAMMA Investing LLC increased its stake in S&P Global by 60,982.3% in the first quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock valued at $1,086,877,000 after purchasing an additional 2,135,599 shares in the last quarter. Raymond James Financial Inc. bought a new stake in S&P Global in the fourth quarter valued at approximately $527,207,000. Proficio Capital Partners LLC raised its holdings in S&P Global by 71,024.1% in the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock worth $308,525,000 after purchasing an additional 618,620 shares during the period. Finally, Northern Trust Corp boosted its position in shares of S&P Global by 19.1% during the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after purchasing an additional 525,347 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

Insider Activity

In other news, EVP Sally Moore sold 500 shares of the company's 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 sale, the executive vice president now owns 5,131 shares in the company, valued at $2,619,016.33. This represents a 8.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.10% of the stock is owned by corporate insiders.

S&P Global Trading Down 0.8%

NYSE:SPGI opened at $501.15 on Wednesday. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $545.39. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average price of $498.92 and a two-hundred day moving average price of $503.69. The company has a market cap of $153.70 billion, a P/E ratio of 39.37, a price-to-earnings-growth 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 EPS for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the firm posted $4.01 earnings per share. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th were paid a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.77%. S&P Global's dividend payout ratio is 30.16%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SPGI. Bank of America began coverage on shares of S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target for the company. Mizuho began coverage on S&P Global in a report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price on the stock. UBS Group increased 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. Argus raised S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Finally, Wall Street Zen cut S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $592.71.

About S&P Global

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.

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.