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

Parr Mcknight Wealth Management Group LLC lifted its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 35.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,468 shares of the business services provider's stock after buying an additional 3,011 shares during the quarter. S&P Global makes up about 0.8% of Parr Mcknight Wealth Management Group LLC's holdings, 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 quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of S&P Global by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock valued at $3,273,264,000 after acquiring an additional 116,208 shares during the last quarter. Norges Bank purchased a new stake in shares of S&P Global during the 4th quarter valued at about $1,725,084,000. Northern Trust Corp boosted its holdings in shares of S&P Global by 19.1% during the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock valued at $1,631,568,000 after acquiring an additional 525,347 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of S&P Global by 13.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock valued at $1,529,653,000 after acquiring an additional 357,790 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in shares of S&P Global by 11.4% during the 4th quarter. Nuveen Asset Management LLC now owns 2,184,312 shares of the business services provider's stock valued at $1,087,853,000 after acquiring an additional 224,294 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at S&P Global

In other news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction 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 sale, the executive vice president directly owned 5,131 shares in the company, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SPGI. Argus raised shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. UBS Group raised their price target on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday. Oppenheimer increased their price objective on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. lowered their price objective on shares of 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, Robert W. Baird lowered their price objective on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Two equities research 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $596.79.

S&P Global Price Performance

Shares of SPGI stock traded down $2.78 on Friday, reaching $527.05. The company's stock had a trading volume of 816,683 shares, compared to its average volume of 1,229,109. The stock's fifty day simple moving average is $515.64 and its 200-day simple moving average is $505.48. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $545.39. 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 capitalization of $161.65 billion, a price-to-earnings ratio of 41.40, a price-to-earnings-growth ratio of 2.58 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data 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 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 27.27% and a return on equity of 14.68%. S&P Global's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.01 earnings per share. Analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced 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 of this dividend is Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.73%. S&P Global's dividend payout ratio (DPR) is 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.