Private Wealth Partners LLC Cuts Holdings in S&P Global Inc. (NYSE:SPGI)

Private Wealth Partners LLC lowered its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 6.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,980 shares of the business services provider's stock after selling 568 shares during the quarter. Private Wealth Partners LLC's holdings in S&P Global were worth $4,055,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Wealthfront Advisers LLC raised its position in shares of S&P Global by 19.1% during the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock valued at $18,799,000 after buying an additional 6,051 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in shares of S&P Global during the 4th quarter valued at about $14,040,000. Freestone Capital Holdings LLC raised its position in shares of S&P Global by 0.4% during the 4th quarter. Freestone Capital Holdings LLC now owns 11,499 shares of the business services provider's stock valued at $5,727,000 after buying an additional 49 shares in the last quarter. Asahi Life Asset Management CO. LTD. raised its position in shares of S&P Global by 85.9% during the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 1,288 shares of the business services provider's stock valued at $641,000 after buying an additional 595 shares in the last quarter. Finally, Coalescence Partners Investment Management LP raised its position in shares of S&P Global by 62.7% during the 4th quarter. Coalescence Partners Investment Management LP now owns 30,089 shares of the business services provider's stock valued at $14,985,000 after buying an additional 11,599 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Trading Up 0.2%

Shares of NYSE:SPGI traded up $1.22 during trading on Friday, reaching $503.85. 2,078,049 shares of the company were exchanged, compared to its average volume of 1,231,077. The firm has a market capitalization of $154.53 billion, a PE ratio of 39.58, a P/E/G ratio of 2.45 and a beta of 1.20. The business's fifty day simple moving average is $501.16 and its 200-day simple moving average is $503.44. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90.

S&P Global (NYSE:SPGI - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the firm earned $4.01 earnings per share. The company's quarterly revenue was up 8.2% on a year-over-year basis. On average, research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were paid a $0.96 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $3.84 annualized dividend and a yield of 0.76%. S&P Global's dividend payout ratio (DPR) is 30.16%.

Insider Buying and Selling at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 5,131 shares in the company, valued at $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Wells Fargo & Company increased their price objective on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. UBS Group increased their price objective 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. Stifel Nicolaus reduced their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, Mizuho started coverage on shares of S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective on the stock. 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 company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.