Kentucky Retirement Systems Insurance Trust Fund purchased a new position in S&P Global Inc. (NYSE:SPGI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 9,104 shares of the business services provider's stock, valued at approximately $4,626,000.
Other institutional investors have also added to or reduced their stakes in the company. Minot DeBlois Advisors LLC bought a new stake in shares of S&P Global during the 4th quarter valued at $25,000. Anderson Financial Strategies LLC bought a new stake in shares of S&P Global during the 4th quarter valued at $27,000. Noble Wealth Management PBC bought a new stake in shares of S&P Global during the 4th quarter valued at $31,000. Hazlett Burt & Watson Inc. raised its position in shares of S&P Global by 131.0% during the 4th 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 period. Finally, BankPlus Trust Department bought a new stake in shares of S&P Global during the 4th quarter valued at $40,000. 87.17% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the sale, the executive vice president now owns 5,131 shares in the company, valued at $2,619,016.33. This trade represents a 8.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Mizuho assumed coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price for the company. Robert W. Baird cut their target price on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Argus raised shares of S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Finally, Stifel Nicolaus cut their target price on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $592.71.
Check Out Our Latest Report on SPGI
S&P Global Price Performance
Shares of NYSE:SPGI traded up $10.84 on Monday, reaching $515.04. The company's stock had a trading volume of 2,133,033 shares, compared to its average volume of 1,234,145. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $545.39. The company has a market cap of $157.96 billion, a P/E ratio of 40.46, a PEG ratio of 2.46 and a beta of 1.20. The company has a 50-day simple moving average of $501.16 and a 200 day simple moving average of $503.25. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90.
S&P Global (NYSE:SPGI - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $3.72 billion. During the same period last year, the company posted $4.01 EPS. The business's revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS 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. Investors of record on Wednesday, May 28th were paid a dividend of $0.96 per share. The ex-dividend date was Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. S&P Global's dividend payout ratio is presently 30.16%.
S&P Global Profile
(
Free Report)
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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