Moran Wealth Management LLC Has $13.78 Million Position in S&P Global Inc. (NYSE:SPGI)

Moran Wealth Management LLC decreased its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,120 shares of the business services provider's stock after selling 745 shares during the quarter. Moran Wealth Management LLC's holdings in S&P Global were worth $13,780,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of analysts have issued reports on the company. Mizuho began coverage on S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Bank of America initiated coverage on shares of S&P Global in a research note on Thursday, April 10th. They set a "buy" rating and a $600.00 target price for the company. Argus upgraded shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. 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 for the company 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $592.71.

Insider Activity

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

S&P Global Price Performance

Shares of S&P Global stock traded down $5.41 during mid-day trading on Thursday, reaching $515.88. 1,301,005 shares of the stock were exchanged, compared to its average volume of 1,234,915. 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 market cap of $158.22 billion, a price-to-earnings ratio of 40.52, a price-to-earnings-growth ratio of 2.55 and a beta of 1.20. The firm has a 50-day simple moving average of $504.21 and a 200 day simple moving average of $503.51. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results 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. The company had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. S&P Global's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.01 earnings per share. On average, sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Tuesday, August 26th. S&P Global's payout ratio is presently 30.16%.

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.