Oppenheimer & Co. Inc. Has $3.32 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Oppenheimer & Co. Inc. grew its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 16.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,534 shares of the business services provider's stock after purchasing an additional 905 shares during the period. Oppenheimer & Co. Inc.'s holdings in S&P Global were worth $3,320,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Wealthfront Advisers LLC increased its stake in S&P Global by 19.1% during the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock worth $18,799,000 after acquiring an additional 6,051 shares during the period. Graham Capital Management L.P. acquired a new stake in shares of S&P Global during the 4th quarter worth $14,040,000. Freestone Capital Holdings LLC grew its holdings in shares of S&P Global by 0.4% during the 4th quarter. Freestone Capital Holdings LLC now owns 11,499 shares of the business services provider's stock worth $5,727,000 after purchasing an additional 49 shares in the last quarter. Asahi Life Asset Management CO. LTD. increased its position in shares of S&P Global by 85.9% in the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 1,288 shares of the business services provider's stock worth $641,000 after purchasing an additional 595 shares during the period. Finally, Coalescence Partners Investment Management LP grew its stake in S&P Global by 62.7% during the fourth quarter. Coalescence Partners Investment Management LP now owns 30,089 shares of the business services provider's stock worth $14,985,000 after buying an additional 11,599 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Insider Transactions at S&P Global

In other news, EVP Sally Moore sold 500 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Stifel Nicolaus dropped their target price on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Robert W. Baird lowered 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. Argus upgraded S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. decreased their price target 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. Finally, Mizuho started coverage on S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective for the company. Two investment 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, S&P Global presently has an average rating of "Moderate Buy" and an average target price of $592.71.

S&P Global Trading Up 0.8%

S&P Global stock traded up $4.27 during trading hours on Friday, hitting $519.29. The stock had a trading volume of 318,177 shares, compared to its average volume of 1,229,858. The business's 50 day simple moving average is $505.28 and its 200-day simple moving average is $503.52. S&P Global Inc. has a one year low of $427.14 and a one year high of $545.39. The stock has a market cap of $159.27 billion, a price-to-earnings ratio of 40.80, a P/E/G ratio of 2.54 and a beta of 1.20. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the firm posted $4.01 earnings per share. The firm's revenue was up 8.2% compared to the same quarter last year. On average, equities 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 declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be paid 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 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.