Parr Mcknight Wealth Management Group LLC Acquires 3,011 Shares of S&P Global Inc. (NYSE:SPGI)

Parr Mcknight Wealth Management Group LLC lifted its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 35.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,468 shares of the business services provider's stock after buying an additional 3,011 shares during the period. S&P Global makes up approximately 0.8% of Parr Mcknight Wealth Management Group LLC's investment portfolio, making the stock its 27th biggest holding. Parr Mcknight Wealth Management Group LLC's holdings in S&P Global were worth $5,827,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SPGI. Brighton Jones LLC raised its stake in S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock worth $1,582,000 after purchasing an additional 143 shares during the period. Bank Pictet & Cie Europe AG lifted its position in shares of S&P Global by 3.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock worth $37,093,000 after purchasing an additional 2,413 shares during the last quarter. GHE LLC increased its holdings in shares of S&P Global by 2.1% in the 4th quarter. GHE LLC now owns 13,504 shares of the business services provider's stock valued at $6,725,000 after acquiring an additional 274 shares during the last quarter. Assetmark Inc. raised its holdings in S&P Global by 25.3% during the fourth quarter. Assetmark Inc. now owns 1,626 shares of the business services provider's stock worth $810,000 after purchasing an additional 328 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its position in shares of S&P Global by 42.8% during the fourth quarter. Proficio Capital Partners LLC now owns 1,244 shares of the business services provider's stock worth $619,000 after purchasing an additional 373 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Up 0.2%

SPGI traded up $0.99 on Thursday, reaching $529.72. 703,294 shares of the company's stock were exchanged, compared to its average volume of 1,231,347. The company's 50 day moving average is $514.62 and its 200-day moving average is $505.11. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $162.47 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 2.57 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same quarter in the prior year, the business earned $4.01 EPS. S&P Global's quarterly revenue was up 8.2% compared to the same quarter last year. Equities analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

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. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.72%. S&P Global's dividend payout ratio (DPR) is 30.16%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Stifel Nicolaus reduced their price target 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. Wells Fargo & Company lifted their price target on shares of S&P Global from $627.00 to $632.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. UBS Group raised their price target on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday. Morgan Stanley lifted their price objective on S&P Global from $587.00 to $595.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Oppenheimer upped their target price on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $596.79.

Insider Transactions at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of S&P Global 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 transaction, the executive vice president directly owned 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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.10% of the company's stock.

S&P Global 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.