RBA Wealth Management LLC Has $239,000 Stock Holdings in S&P Global Inc. (NYSE:SPGI)

RBA Wealth Management LLC lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 95.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 471 shares of the business services provider's stock after selling 10,247 shares during the period. RBA Wealth Management LLC's holdings in S&P Global were worth $239,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Joel Isaacson & Co. LLC grew its holdings in S&P Global by 4.7% during the 1st quarter. Joel Isaacson & Co. LLC now owns 862 shares of the business services provider's stock worth $438,000 after acquiring an additional 39 shares during the period. Colonial River Investments LLC acquired a new stake in S&P Global during the 1st quarter worth $281,000. Little House Capital LLC grew its holdings in S&P Global by 21.7% during the 1st quarter. Little House Capital LLC now owns 1,425 shares of the business services provider's stock worth $724,000 after acquiring an additional 254 shares during the period. Confluence Wealth Services Inc. grew its holdings in shares of S&P Global by 1.5% in the 1st quarter. Confluence Wealth Services Inc. now owns 2,005 shares of the business services provider's stock valued at $943,000 after buying an additional 30 shares during the period. Finally, Highland Capital Management LLC grew its holdings in shares of S&P Global by 0.7% in the 1st quarter. Highland Capital Management LLC now owns 24,720 shares of the business services provider's stock valued at $12,560,000 after buying an additional 182 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Robert W. Baird decreased their price target on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Mizuho assumed coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price target for the company. JPMorgan Chase & Co. decreased their price target on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Bank of America assumed coverage on shares of S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target for the company. Finally, Argus raised shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $592.71.

Insiders Place Their Bets

In other S&P Global news, EVP Sally Moore sold 500 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the sale, the executive vice president now directly owns 5,131 shares of the company's stock, valued at $2,619,016.33. The trade was a 8.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.10% of the company's stock.

S&P Global Stock Up 0.6%

NYSE:SPGI traded up $3.21 on Friday, hitting $518.23. 2,251,581 shares of the company's stock were exchanged, compared to its average volume of 1,230,745. The firm has a 50-day moving average price of $506.39 and a 200-day moving average price of $503.48. 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 Inc. has a 52 week low of $427.14 and a 52 week high of $545.39. The company has a market cap of $158.94 billion, a P/E ratio of 40.71, a price-to-earnings-growth ratio of 2.52 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly 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. 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 analysts' expectations of $3.72 billion. During the same period in the previous year, the firm posted $4.01 EPS. The company's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be given a dividend of $0.96 per share. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a yield of 0.74%. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

About S&P Global

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.