Pallas Capital Advisors LLC Takes $426,000 Position in S&P Global Inc. (NYSE:SPGI)

Pallas Capital Advisors LLC acquired a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 839 shares of the business services provider's stock, valued at approximately $426,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Parkside Financial Bank & Trust boosted its stake in S&P Global by 2.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock valued at $515,000 after purchasing an additional 20 shares in the last quarter. Personal CFO Solutions LLC boosted its stake in S&P Global by 3.1% during the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock valued at $336,000 after buying an additional 20 shares in the last quarter. Anfield Capital Management LLC grew its holdings in S&P Global by 25.6% during the fourth quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock worth $54,000 after acquiring an additional 22 shares during the period. Invenio Wealth Partners LLC raised its position in S&P Global by 4.0% in the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock worth $286,000 after acquiring an additional 22 shares in the last quarter. Finally, Retirement Planning Group LLC lifted its holdings in S&P Global by 0.4% in the 4th quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock valued at $2,870,000 after acquiring an additional 22 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

Shares of SPGI traded down $4.84 during mid-day trading on Friday, hitting $501.03. The stock had a trading volume of 1,343,042 shares, compared to its average volume of 1,221,556. S&P Global Inc. has a 52 week low of $427.14 and a 52 week 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. The business has a fifty day moving average price of $495.92 and a 200-day moving average price of $504.24. The firm has a market cap of $153.67 billion, a P/E 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 posted its earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.23 by $0.14. The business had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The firm's revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $4.01 earnings per share. On average, equities research analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently commented on SPGI. UBS Group boosted their price target on shares of S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Bank of America assumed coverage on S&P Global in a research report on Thursday, April 10th. They issued a "buy" rating and a $600.00 target price on the stock. JPMorgan Chase & Co. cut their price target on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Wall Street Zen cut S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, Stifel Nicolaus cut their price objective 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 given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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 firm's stock in a transaction that occurred on 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 transaction, the executive vice president now owns 5,131 shares of the company's stock, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is owned by corporate 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.