Park Avenue Securities LLC Has $9.33 Million Position in S&P Global Inc. (NYSE:SPGI)

Park Avenue Securities LLC raised its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 38.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,357 shares of the business services provider's stock after purchasing an additional 5,125 shares during the period. Park Avenue Securities LLC's holdings in S&P Global were worth $9,327,000 as of its most recent filing with the Securities and Exchange Commission.

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

S&P Global Stock Down 0.8%

Shares of NYSE SPGI traded down $4.30 during mid-day trading on Monday, reaching $515.06. The company had a trading volume of 743,700 shares, compared to its average volume of 1,220,817. The stock has a fifty day moving average of $492.79 and a two-hundred day moving average of $504.20. S&P Global Inc. has a 12-month low of $425.49 and a 12-month high of $545.39. The company has a market capitalization of $157.97 billion, a price-to-earnings ratio of 41.71, a PEG ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $4.01 EPS. As a group, equities research analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.75%. The ex-dividend date is Wednesday, May 28th. S&P Global's payout ratio is 30.16%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SPGI shares. Robert W. Baird reduced their price target on shares of 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. Bank of America initiated coverage on S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 price target on the stock. Stifel Nicolaus reduced their price objective on 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. Argus upgraded S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Finally, Wells Fargo & Company upped their price objective on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, S&P Global currently has an average rating of "Moderate Buy" and an average price target of $592.71.

Insider Activity at S&P Global

In other news, EVP Sally Moore sold 500 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 5,131 shares in the company, valued at $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by company 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.