8,457 Shares in S&P Global Inc. (NYSE:SPGI) Purchased by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC bought a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,457 shares of the business services provider's stock, valued at approximately $4,212,000.

Other large investors also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC bought a new position in S&P Global in the 4th quarter worth $25,000. Anderson Financial Strategies LLC acquired a new stake in shares of S&P Global in the fourth quarter valued at about $27,000. Human Investing LLC bought a new position in shares of S&P Global in the fourth quarter worth about $30,000. Noble Wealth Management PBC acquired a new position in shares of S&P Global during the 4th quarter worth about $31,000. Finally, Hazlett Burt & Watson Inc. boosted its stake in S&P Global by 131.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after purchasing an additional 38 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

NYSE:SPGI traded down $0.95 during mid-day trading on Monday, hitting $510.37. The company's stock had a trading volume of 1,293,925 shares, compared to its average volume of 1,223,378. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average of $490.91 and a 200-day moving average of $503.62. The company has a market capitalization of $156.53 billion, a price-to-earnings ratio of 41.33, a P/E/G ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a fifty-two week low of $419.49 and a fifty-two week high of $545.39.

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 the consensus estimate of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. S&P Global's revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the company earned $4.01 EPS. As a group, equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have issued reports on SPGI shares. Robert W. Baird lowered their target price on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Mizuho initiated coverage on shares of S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective on the stock. Evercore ISI boosted their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Wall Street Zen downgraded shares of S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Finally, BMO Capital Markets raised their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $592.71.

Insider Transactions at S&P Global

In related news, EVP Sally Moore sold 500 shares of the firm's 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 now directly owns 5,131 shares of the company's stock, valued at $2,619,016.33. This trade represents a 8.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by insiders.

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.