OneAscent Financial Services LLC Purchases 628 Shares of S&P Global Inc. (NYSE:SPGI)

OneAscent Financial Services LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 126.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,125 shares of the business services provider's stock after purchasing an additional 628 shares during the period. OneAscent Financial Services LLC's holdings in S&P Global were worth $572,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Minot DeBlois Advisors LLC acquired a new position in S&P Global during the fourth quarter worth $25,000. Anderson Financial Strategies LLC purchased a new stake in shares of S&P Global in the fourth quarter worth $27,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of S&P Global in the first quarter worth about $28,000. CBIZ Investment Advisory Services LLC raised its holdings in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after acquiring an additional 31 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its holdings 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 valued at $32,000 after purchasing an additional 38 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions 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 transaction, the executive vice president directly owned 5,131 shares in the company, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SPGI. JPMorgan Chase & Co. upped their price target on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday. Bank of America assumed coverage on 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. Robert W. Baird dropped their target price 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 boosted their price target on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, Stifel Nicolaus lowered their price target on shares of 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 equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $601.07.

S&P Global Stock Performance

NYSE:SPGI opened at $522.52 on Tuesday. The stock has a market cap of $160.26 billion, a PE ratio of 41.05, a price-to-earnings-growth ratio of 2.53 and a beta of 1.19. 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 quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm's fifty day simple moving average is $517.59 and its 200-day simple moving average is $506.43.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.14. The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.01 earnings per share. Analysts expect that S&P Global Inc. will post 17.11 earnings per share 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. Investors of record on Tuesday, August 26th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio is currently 30.16%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.