Relyea Zuckerberg Hanson LLC Sells 747 Shares of S&P Global Inc. (NYSE:SPGI)

Relyea Zuckerberg Hanson LLC decreased its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 44.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 923 shares of the business services provider's stock after selling 747 shares during the quarter. Relyea Zuckerberg Hanson LLC's holdings in S&P Global were worth $469,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Paragon Capital Management Ltd bought a new stake in shares of S&P Global in the 1st quarter worth about $270,000. Quintet Private Bank Europe S.A. grew its holdings in shares of S&P Global by 5.8% in the 1st quarter. Quintet Private Bank Europe S.A. now owns 3,199 shares of the business services provider's stock worth $1,625,000 after purchasing an additional 176 shares during the last quarter. RMR Wealth Builders grew its holdings in shares of S&P Global by 12.1% in the 1st quarter. RMR Wealth Builders now owns 3,429 shares of the business services provider's stock worth $1,742,000 after purchasing an additional 369 shares during the last quarter. NorthCrest Asset Manangement LLC grew its holdings in shares of S&P Global by 10.1% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 2,196 shares of the business services provider's stock worth $1,116,000 after purchasing an additional 201 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. grew its holdings in shares of S&P Global by 15.7% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 1,365 shares of the business services provider's stock worth $694,000 after purchasing an additional 185 shares during the last quarter. 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 S&P Global stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president now 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Robert W. Baird lowered 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. Argus raised shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Wells Fargo & Company upped their target price on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Mizuho began coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price on the stock. Finally, 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 report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $592.71.

S&P Global Trading Down 1.0%

Shares of NYSE SPGI traded down $4.84 during mid-day trading on Friday, hitting $501.03. The company's stock had a trading volume of 1,343,042 shares, compared to its average volume of 1,223,684. The stock has a market cap of $153.67 billion, a price-to-earnings ratio of 40.57, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a one year low of $427.14 and a one year high of $545.39. The company's fifty day simple moving average is $495.92 and its 200-day simple moving average is $504.24.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the firm earned $4.01 EPS. On average, sell-side analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Wednesday, May 28th. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

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.