Mountain Pacific Investment Advisers LLC Sells 844 Shares of S&P Global Inc. (NYSE:SPGI)

Mountain Pacific Investment Advisers LLC lessened its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 5.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,975 shares of the business services provider's stock after selling 844 shares during the quarter. Mountain Pacific Investment Advisers LLC's holdings in S&P Global were worth $8,117,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Minot DeBlois Advisors LLC bought a new position in S&P Global in the 4th quarter valued at about $25,000. Anderson Financial Strategies LLC bought a new position in shares of S&P Global during the 4th quarter worth approximately $27,000. Human Investing LLC bought a new position in shares of S&P Global during the 4th quarter worth approximately $30,000. Noble Wealth Management PBC bought a new position in shares of S&P Global during the 4th quarter worth approximately $31,000. Finally, Hazlett Burt & Watson Inc. lifted its position in shares of S&P Global by 131.0% during 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 in the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Trading Down 1.0%

Shares of SPGI stock opened at $501.03 on Monday. The company's fifty day simple moving average is $497.12 and its two-hundred day simple moving average is $503.83. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $545.39. The stock has a market capitalization of $153.67 billion, a price-to-earnings ratio of 40.57, a PEG ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last released 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 firm had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The business's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.01 earnings per share. As a group, analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were paid a $0.96 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a yield of 0.77%. S&P Global's dividend payout ratio is presently 30.16%.

Analyst Ratings Changes

Several equities analysts have commented on SPGI shares. Robert W. Baird dropped their target price on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Bank of America started coverage on shares of S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Argus raised shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Finally, Wall Street Zen cut shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Two equities 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $592.71.

Insider Activity at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the sale, the executive vice president now directly owns 5,131 shares in the company, valued at $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by insiders.

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.

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