Park Place Capital Corp Lowers Position in S&P Global Inc. (NYSE:SPGI)

Park Place Capital Corp cut its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 57.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 567 shares of the business services provider's stock after selling 760 shares during the period. Park Place Capital Corp's holdings in S&P Global were worth $288,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Board of the Pension Protection Fund lifted its holdings in shares of S&P Global by 650.0% during the first quarter. Board of the Pension Protection Fund now owns 1,500 shares of the business services provider's stock valued at $762,000 after purchasing an additional 1,300 shares during the last quarter. CNB Bank lifted its holdings in shares of S&P Global by 6.7% during the first quarter. CNB Bank now owns 1,024 shares of the business services provider's stock valued at $520,000 after purchasing an additional 64 shares during the last quarter. First Merchants Corp lifted its holdings in shares of S&P Global by 1.9% during the first quarter. First Merchants Corp now owns 13,795 shares of the business services provider's stock valued at $7,009,000 after purchasing an additional 253 shares during the last quarter. PDS Planning Inc lifted its holdings in shares of S&P Global by 8.7% during the first quarter. PDS Planning Inc now owns 1,844 shares of the business services provider's stock valued at $937,000 after purchasing an additional 148 shares during the last quarter. Finally, GenTrust LLC lifted its holdings in shares of S&P Global by 5.7% during the first quarter. GenTrust LLC now owns 728 shares of the business services provider's stock valued at $370,000 after purchasing an additional 39 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Trading Up 0.6%

NYSE:SPGI opened at $518.23 on Friday. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $545.39. The company has a 50 day simple moving average of $506.39 and a two-hundred day simple moving average of $503.56. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The company has a market cap of $158.94 billion, a PE ratio of 40.71, a price-to-earnings-growth ratio of 2.51 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data 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. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the firm posted $4.01 EPS. The company's revenue for the quarter 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 year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Tuesday, August 26th. S&P Global's payout ratio is 30.16%.

Insider Activity

In related news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction 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 transaction, the executive vice president now owns 5,131 shares in the company, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SPGI. Robert W. Baird decreased 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 report on Wednesday, April 30th. UBS Group boosted their price objective on shares of S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Bank of America started coverage on shares of S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective for the company. Stifel Nicolaus decreased their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Finally, Mizuho started coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, S&P Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $592.71.

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.

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