Lmcg Investments LLC Has $10.10 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Lmcg Investments LLC lessened its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 4.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,874 shares of the business services provider's stock after selling 851 shares during the quarter. Lmcg Investments LLC's holdings in S&P Global were worth $10,098,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SPGI. Wall Street Zen lowered S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Morgan Stanley boosted their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Bank of America began coverage on shares of S&P Global in a report on Thursday, April 10th. They set a "buy" rating and a $600.00 target price for the company. Wells Fargo & Company lifted their price target 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. Finally, Evercore ISI increased their price objective on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $592.71.

Insider Activity at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of the transaction, the executive vice president now directly owns 5,131 shares of the company's stock, valued at $2,619,016.33. The trade was a 8.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Stock Performance

Shares of SPGI stock traded up $3.82 during midday trading on Friday, hitting $519.58. 624,281 shares of the company were exchanged, compared to its average volume of 1,218,659. The firm has a market capitalization of $159.36 billion, a P/E ratio of 42.07, a PEG ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a 52 week low of $425.49 and a 52 week high of $545.39. The firm's 50 day moving average price is $492.61 and its two-hundred day moving average price is $504.13.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $4.01 earnings per share. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be given a $0.96 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global's payout ratio is presently 30.16%.

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.