Milestones Administradora de Recursos Ltda. Acquires 2,210 Shares of S&P Global Inc. (NYSE:SPGI)

Milestones Administradora de Recursos Ltda. grew its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 53.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,355 shares of the business services provider's stock after acquiring an additional 2,210 shares during the quarter. S&P Global comprises 1.6% of Milestones Administradora de Recursos Ltda.'s investment portfolio, making the stock its 14th largest position. Milestones Administradora de Recursos Ltda.'s holdings in S&P Global were worth $3,229,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Minot DeBlois Advisors LLC bought a new stake in S&P Global in the 4th quarter worth approximately $25,000. Anderson Financial Strategies LLC bought a new stake in S&P Global in the 4th quarter worth approximately $27,000. Smallwood Wealth Investment Management LLC bought a new stake in S&P Global in the 1st quarter worth approximately $28,000. CBIZ Investment Advisory Services LLC lifted its position in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after buying an additional 31 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its position in 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 worth $32,000 after buying an additional 38 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

Insiders Place Their Bets

In other 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 sale, the executive vice president directly owned 5,131 shares of the company's stock, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SPGI shares. Argus upgraded S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Wells Fargo & Company boosted their price objective on S&P Global from $627.00 to $632.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. Stifel Nicolaus reduced their target price on S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Bank of America began coverage on S&P Global in a research note on Thursday, April 10th. They set a "buy" rating and a $600.00 target price on the stock. Finally, Robert W. Baird reduced their target price on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $596.79.

S&P Global Price Performance

Shares of SPGI stock opened at $524.52 on Friday. The stock has a market cap of $160.87 billion, a price-to-earnings ratio of 41.20, a PEG ratio of 2.53 and a beta of 1.19. The business's fifty day moving average is $517.59 and its 200 day moving average is $506.36. S&P Global Inc. has a twelve month low of $427.14 and a twelve month 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.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $4.01 earnings per share. Research analysts expect 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 will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a yield of 0.73%. 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.

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