Quilter Plc Purchases 30,104 Shares of S&P Global Inc. (NYSE:SPGI)

Quilter Plc boosted its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 29.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,776 shares of the business services provider's stock after acquiring an additional 30,104 shares during the period. S&P Global accounts for 1.4% of Quilter Plc's holdings, making the stock its 27th biggest position. Quilter Plc's holdings in S&P Global were worth $66,447,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of 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 purchased a new position in S&P Global in the fourth quarter valued at $27,000. Noble Wealth Management PBC acquired a new position in shares of S&P Global in the fourth quarter worth about $31,000. Alpine Bank Wealth Management purchased a new stake in shares of S&P Global during the 1st quarter worth about $33,000. Finally, Hazlett Burt & Watson Inc. grew its position in shares of 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 acquiring an additional 38 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Mizuho began coverage on S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price target on the stock. Stifel Nicolaus reduced their price objective on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Robert W. Baird reduced their target price on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, UBS Group raised their target price on shares of S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $592.71.

Insider Transactions at S&P Global

In other news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction dated Monday, May 5th. The stock was 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 in the company, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company's stock.

S&P Global Price Performance

Shares of SPGI opened at $515.88 on Friday. The firm has a 50-day simple moving average of $505.28 and a two-hundred day simple moving average of $503.52. The stock has a market cap of $158.22 billion, a PE ratio of 40.52, a P/E/G ratio of 2.54 and a beta of 1.20. S&P Global Inc. has a 1-year low of $427.14 and a 1-year 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 results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. The company had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The firm's revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.01 earnings per share. As a group, analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The business 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. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio is currently 30.16%.

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.

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