Miracle Mile Advisors LLC Buys 617 Shares of S&P Global Inc. (NYSE:SPGI)

Miracle Mile Advisors LLC boosted its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,113 shares of the business services provider's stock after purchasing an additional 617 shares during the quarter. Miracle Mile Advisors LLC's holdings in S&P Global were worth $11,236,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SPGI. Minot DeBlois Advisors LLC bought a new stake in S&P Global in the fourth quarter valued at about $25,000. Anderson Financial Strategies LLC bought a new stake in S&P Global in the fourth quarter valued at about $27,000. Human Investing LLC bought a new stake in S&P Global in the fourth quarter valued at about $30,000. Noble Wealth Management PBC bought a new stake in shares of S&P Global in the fourth quarter worth about $31,000. Finally, Hazlett Burt & Watson Inc. increased its holdings in shares of S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after acquiring an additional 38 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Up 0.7%

SPGI stock opened at $519.58 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $159.36 billion, a P/E ratio of 42.07, a P/E/G ratio of 2.41 and a beta of 1.20. The business has a 50-day moving average of $492.79 and a 200-day moving average of $504.25. S&P Global Inc. has a fifty-two week low of $425.49 and a fifty-two week high of $545.39.

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 EPS for the quarter, beating the consensus estimate of $4.23 by $0.14. The firm had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The business's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.01 earnings per share. On average, sell-side analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SPGI shares. Argus upgraded S&P Global to a "strong-buy" rating in a report on Friday, May 16th. JPMorgan Chase & Co. lowered their price target on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Stifel Nicolaus lowered their price target on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Morgan Stanley increased their price target on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Finally, Bank of America started coverage on S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target for the company. Two investment 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $592.71.

Insider Buying and Selling at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company's stock.

S&P Global 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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