Riverbridge Partners LLC Sells 2,836 Shares of S&P Global Inc. (NYSE:SPGI)

Riverbridge Partners LLC lowered its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,252 shares of the business services provider's stock after selling 2,836 shares during the period. S&P Global comprises about 1.4% of Riverbridge Partners LLC's portfolio, making the stock its 22nd largest position. Riverbridge Partners LLC owned about 0.05% of S&P Global worth $87,521,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its holdings in S&P Global by 2.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock worth $515,000 after purchasing an additional 20 shares during the last quarter. Personal CFO Solutions LLC boosted its holdings in S&P Global by 3.1% during the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock worth $336,000 after purchasing an additional 20 shares during the last quarter. Anfield Capital Management LLC boosted its holdings in S&P Global by 25.6% during the fourth quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock worth $54,000 after purchasing an additional 22 shares during the last quarter. Invenio Wealth Partners LLC boosted its holdings in S&P Global by 4.0% during the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock worth $286,000 after purchasing an additional 22 shares during the last quarter. Finally, Retirement Planning Group LLC increased its position in shares of S&P Global by 0.4% during the 4th quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock valued at $2,870,000 after purchasing an additional 22 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

Shares of S&P Global stock traded up $1.22 on Friday, hitting $503.85. 2,078,049 shares of the company traded hands, compared to its average volume of 1,231,077. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $545.39. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The company has a market cap of $154.53 billion, a P/E ratio of 39.58, a P/E/G ratio of 2.45 and a beta of 1.20. The firm's 50-day simple moving average is $501.16 and its 200 day simple moving average is $503.44.

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 earnings per share for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the business posted $4.01 earnings per share. The company's revenue for the quarter was up 8.2% on a year-over-year basis. Analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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

Insider Buying and Selling

In related news, EVP Sally Moore sold 500 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction 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 represents a 8.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SPGI shares. Bank of America assumed coverage on shares of S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 target price for the company. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. cut their price objective 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. UBS Group raised 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. Finally, Wells Fargo & Company raised their target price on S&P Global from $607.00 to $627.00 and gave the stock an "overweight" 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.