Leo Wealth LLC Sells 1,531 Shares of S&P Global Inc. (NYSE:SPGI)

Leo Wealth LLC lessened its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 60.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,000 shares of the business services provider's stock after selling 1,531 shares during the period. Leo Wealth LLC's holdings in S&P Global were worth $508,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Minot DeBlois Advisors LLC purchased a new stake in S&P Global during the fourth quarter valued at about $25,000. Anderson Financial Strategies LLC purchased a new stake in S&P Global during the fourth quarter valued at about $27,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of S&P Global in the 1st quarter valued at about $28,000. Hazlett Burt & Watson Inc. increased its holdings in shares of S&P Global by 131.0% in 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, Alpine Bank Wealth Management acquired a new position in shares of S&P Global in the 1st quarter valued at about $33,000. Institutional investors own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SPGI shares. Morgan Stanley upped their target price on S&P Global from $587.00 to $595.00 and gave the company an "overweight" rating in a report on Monday, July 7th. UBS Group raised their price objective 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. Wells Fargo & Company raised their price objective 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. Oppenheimer raised their price objective on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Finally, Robert W. Baird cut their price objective on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Two 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $596.79.

Insiders Place Their Bets

In other S&P Global 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 transaction of $255,215.00. Following the completion of 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company's stock.

S&P Global Stock Performance

SPGI traded down $7.75 during trading on Tuesday, reaching $522.37. 791,930 shares of the company's stock were exchanged, compared to its average volume of 1,225,264. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week 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 $516.12 and a 200 day moving average price of $505.69. The company has a market capitalization of $160.21 billion, a P/E ratio of 41.03, a PEG ratio of 2.56 and a beta of 1.19.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The company had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same period last year, the business earned $4.01 earnings per share. The business's revenue was up 8.2% on a year-over-year basis. As a group, 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global's dividend payout ratio is 30.16%.

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.