Northstar Advisory Group LLC Takes Position in S&P Global Inc. (NYSE:SPGI)

Northstar Advisory Group LLC acquired a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 918 shares of the business services provider's stock, valued at approximately $466,000.

Several other large investors have also made changes to their positions in SPGI. Norges Bank purchased a new stake in shares of S&P Global in the fourth quarter worth about $1,725,084,000. GAMMA Investing LLC lifted 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 worth $1,086,877,000 after buying an additional 2,135,599 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of S&P Global in the fourth quarter worth about $527,207,000. Proficio Capital Partners LLC raised its position in S&P Global by 71,024.1% during the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock valued at $308,525,000 after purchasing an additional 618,620 shares during the period. Finally, Northern Trust Corp raised its position in S&P Global by 19.1% during the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock valued at $1,631,568,000 after purchasing an additional 525,347 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Trading Down 0.0%

Shares of SPGI traded down $0.03 during mid-day trading on Wednesday, reaching $513.89. 949,619 shares of the company's stock traded hands, compared to its average volume of 1,220,664. The stock has a market cap of $157.61 billion, a P/E ratio of 41.61, a P/E/G ratio of 2.41 and a beta of 1.20. The stock's 50-day moving average is $494.55 and its two-hundred day moving average is $504.34. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $545.39. 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 (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.23 by $0.14. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The company had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. During the same quarter in the prior year, the firm earned $4.01 earnings per share. S&P Global's revenue was up 8.2% compared to the same quarter last year. Research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors 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 annualized dividend and a yield of 0.75%. S&P Global's dividend payout ratio (DPR) is currently 30.16%.

Analyst Ratings Changes

A number of brokerages have issued reports on SPGI. Evercore ISI upped their price objective on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Mizuho began coverage on S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective on the stock. Robert W. Baird decreased their price objective on 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. UBS Group upped their price objective on S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, Stifel Nicolaus decreased their price objective on S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, S&P Global presently has an average rating of "Moderate Buy" and a consensus price target of $592.71.

Insider Buying and Selling

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 completion of the sale, the executive vice president now 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 Securities & Exchange Commission, which is available at the SEC website. 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.