Pinnacle Wealth Planning Services Inc. Has $1.13 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Pinnacle Wealth Planning Services Inc. lowered its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 21.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,272 shares of the business services provider's stock after selling 615 shares during the quarter. Pinnacle Wealth Planning Services Inc.'s holdings in S&P Global were worth $1,132,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Minot DeBlois Advisors LLC acquired a new position in shares of S&P Global in the 4th quarter valued at $25,000. Anderson Financial Strategies LLC acquired a new stake in shares of S&P Global during the fourth quarter worth $27,000. Human Investing LLC bought a new stake in S&P Global in the fourth quarter valued at about $30,000. Noble Wealth Management PBC acquired a new position in S&P Global in the fourth quarter valued at about $31,000. Finally, Hazlett Burt & Watson Inc. lifted its stake in S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after buying an additional 38 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

Insider Activity

In related news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of the transaction, the executive vice president now owns 5,131 shares of the company's stock, 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 is accessible through this hyperlink. 0.10% of the stock is owned by corporate insiders.

S&P Global Stock Down 0.3%

SPGI traded down $1.42 during trading on Friday, hitting $512.68. The company had a trading volume of 2,142,160 shares, compared to its average volume of 1,223,788. The company has a market capitalization of $157.24 billion, a PE ratio of 41.51, a PEG ratio of 2.41 and a beta of 1.23. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a one year low of $419.49 and a one year high of $545.39. The firm's 50-day moving average price is $492.07 and its 200 day moving average price is $503.86.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The business had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the company earned $4.01 earnings per share. S&P Global's quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities analysts expect 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, June 11th. Stockholders of record on Wednesday, May 28th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

Analysts Set New Price Targets

Several research firms have recently issued reports on SPGI. Wells Fargo & Company boosted their target price on S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Evercore ISI lifted their price objective on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Wall Street Zen downgraded shares of S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Robert W. Baird cut their target price on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, UBS Group lifted their price target on shares of S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.