S&P Global Inc. (NYSE:SPGI) Shares Sold by Invera Wealth Advisors LLC

Invera Wealth Advisors LLC lowered its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 76.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,718 shares of the business services provider's stock after selling 5,618 shares during the period. S&P Global accounts for 1.0% of Invera Wealth Advisors LLC's holdings, making the stock its 28th biggest position. Invera Wealth Advisors LLC's holdings in S&P Global were worth $873,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Minot DeBlois Advisors LLC acquired a new stake in S&P Global during the fourth quarter valued at $25,000. Anderson Financial Strategies LLC acquired a new stake in S&P Global during the fourth quarter valued at $27,000. Smallwood Wealth Investment Management LLC acquired a new stake in S&P Global during the first quarter valued at $28,000. Alpine Bank Wealth Management acquired a new stake in S&P Global during the first quarter valued at $33,000. Finally, Hazlett Burt & Watson Inc. grew its position in 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 buying an additional 38 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Trading Up 0.2%

SPGI stock traded up $0.93 during trading on Wednesday, reaching $523.21. 303,085 shares of the stock were exchanged, compared to its average volume of 1,294,761. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average price of $516.52 and a 200-day moving average price of $505.80. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $545.39. The firm has a market capitalization of $160.47 billion, a price-to-earnings ratio of 41.07, a P/E/G ratio of 2.56 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results 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 company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the firm earned $4.01 earnings per share. S&P Global's quarterly revenue was up 8.2% compared to the same quarter last year. On average, research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wells Fargo & Company lifted their target price on shares of S&P Global from $627.00 to $632.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. UBS Group lifted their target price on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Stifel Nicolaus dropped their target price on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, Morgan Stanley lifted their target price on shares of S&P Global from $587.00 to $595.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Two equities 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $596.79.

Insider Buying and Selling

In other news, EVP Sally Moore sold 500 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were 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 of the company's stock, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by company insiders.

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.