MQS Management LLC Purchases Shares of 833 S&P Global Inc. (NYSE:SPGI)

MQS Management LLC bought a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 833 shares of the business services provider's stock, valued at approximately $423,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Minot DeBlois Advisors LLC purchased a new stake in shares of S&P Global in the 4th quarter worth approximately $25,000. Anderson Financial Strategies LLC purchased a new stake in shares of S&P Global in the 4th quarter worth approximately $27,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of S&P Global in the 1st quarter worth approximately $28,000. Alpine Bank Wealth Management purchased a new stake in S&P Global during the 1st quarter valued at $33,000. Finally, Hazlett Burt & Watson Inc. boosted its stake in 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 valued at $32,000 after purchasing an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

Insider Buying and Selling

In related news, EVP Sally Moore sold 500 shares of the firm's 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 directly owned 5,131 shares of the company's stock, valued at approximately $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 can be accessed through this link. Corporate insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on SPGI. Stifel Nicolaus cut 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. JPMorgan Chase & Co. cut their target price on S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Oppenheimer increased their target price on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. UBS Group increased their target price on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, 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. Two equities research 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 company's stock. Based on data from MarketBeat.com, S&P Global currently has a consensus rating of "Moderate Buy" and an average price target of $596.79.

S&P Global Stock Performance

Shares of NYSE SPGI traded up $2.05 during midday trading on Wednesday, hitting $524.33. 459,351 shares of the stock traded hands, compared to its average volume of 1,222,434. S&P Global Inc. has a one year low of $427.14 and a one year high of $545.39. The firm has a 50-day moving average of $516.52 and a two-hundred day moving average of $505.80. The firm has a market capitalization of $160.81 billion, a P/E ratio of 41.20, a PEG ratio of 2.56 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90.

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, topping analysts' consensus estimates of $4.23 by $0.14. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The company had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. During the same period last year, the firm earned $4.01 EPS. S&P Global's revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be issued a $0.96 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.73%. S&P Global's dividend payout ratio is currently 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.