MassMutual Private Wealth & Trust FSB Sells 1,296 Shares of S&P Global Inc. (NYSE:SPGI)

MassMutual Private Wealth & Trust FSB decreased its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 9.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,646 shares of the business services provider's stock after selling 1,296 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in S&P Global were worth $6,425,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SPGI. Minot DeBlois Advisors LLC acquired a new position in shares of S&P Global in the 4th quarter valued at approximately $25,000. Anderson Financial Strategies LLC acquired a new position in shares of S&P Global in the 4th quarter valued at approximately $27,000. Human Investing LLC acquired a new position in shares of S&P Global in the 4th quarter valued at approximately $30,000. Noble Wealth Management PBC acquired a new position in shares of S&P Global in the 4th quarter valued at approximately $31,000. Finally, Hazlett Burt & Watson Inc. raised its position 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 buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Insiders Place Their Bets

In related news, EVP Sally Moore sold 500 shares of the 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 transaction, the executive vice president now directly 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 document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SPGI. Stifel Nicolaus dropped 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 report on Wednesday, April 30th. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Wall Street Zen downgraded shares of S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Morgan Stanley boosted their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Finally, BMO Capital Markets upped their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Two investment 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $592.71.

S&P Global Trading Down 0.3%

Shares of NYSE SPGI traded down $1.42 during trading on Friday, reaching $512.68. The company had a trading volume of 2,142,178 shares, compared to its average volume of 1,221,536. The stock has a market cap of $157.24 billion, a P/E ratio of 41.51, a PEG ratio of 2.41 and a beta of 1.23. The company's fifty day moving average price is $492.04 and its 200-day moving average price is $503.93. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12 month low of $424.82 and a 12 month high of $545.39.

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

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Wednesday, May 28th. S&P Global's 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.