S&P Global Inc. (NYSE:SPGI) Shares Bought by Rockline Wealth Management LLC

Rockline Wealth Management LLC lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,799 shares of the business services provider's stock after buying an additional 536 shares during the quarter. S&P Global makes up approximately 1.4% of Rockline Wealth Management LLC's investment portfolio, making the stock its 21st largest position. Rockline Wealth Management LLC's holdings in S&P Global were worth $4,979,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wealthfront Advisers LLC raised its stake 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 worth $18,799,000 after buying an additional 6,051 shares during the period. Graham Capital Management L.P. purchased a new stake in shares of S&P Global during the fourth quarter worth approximately $14,040,000. Freestone Capital Holdings LLC increased its position in shares of S&P Global by 0.4% during the fourth quarter. Freestone Capital Holdings LLC now owns 11,499 shares of the business services provider's stock worth $5,727,000 after purchasing an additional 49 shares in the last quarter. Asahi Life Asset Management CO. LTD. increased its position in shares of S&P Global by 85.9% during the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 1,288 shares of the business services provider's stock worth $641,000 after purchasing an additional 595 shares in the last quarter. Finally, Coalescence Partners Investment Management LP increased its position in shares of S&P Global by 62.7% during the fourth quarter. Coalescence Partners Investment Management LP now owns 30,089 shares of the business services provider's stock worth $14,985,000 after purchasing an additional 11,599 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Up 0.2%

SPGI traded up $1.22 during mid-day trading on Friday, hitting $503.85. 2,078,049 shares of the stock were exchanged, compared to its average volume of 1,230,529. The firm's fifty day moving average is $501.16 and its two-hundred day moving average is $503.33. S&P Global Inc. has a 1-year low of $427.14 and a 1-year 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 PE ratio of 39.58, a PEG ratio of 2.46 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the company earned $4.01 EPS. S&P Global's revenue was up 8.2% on a year-over-year basis. Equities analysts forecast 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 paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, May 28th. S&P Global's payout ratio is 30.16%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SPGI. Wells Fargo & Company upped their target price on S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Bank of America began coverage on S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 target price for the company. Argus upgraded S&P Global to a "strong-buy" rating in a report on Friday, May 16th. JPMorgan Chase & Co. dropped their target price on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Mizuho began coverage on S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price for the company. Two 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. According to data from MarketBeat.com, S&P Global presently has a consensus rating of "Moderate Buy" and a consensus price target of $592.71.

Insider Buying and Selling

In other S&P Global 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 value of $255,215.00. Following the sale, 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by corporate insiders.

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.