S.E.E.D. Planning Group LLC Acquires 1,159 Shares of S&P Global Inc. (NYSE:SPGI)

S.E.E.D. Planning Group LLC boosted its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 126.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,078 shares of the business services provider's stock after buying an additional 1,159 shares during the period. S.E.E.D. Planning Group LLC's holdings in S&P Global were worth $1,056,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Minot DeBlois Advisors LLC purchased a new position in shares of S&P Global during the fourth quarter valued at about $25,000. Anderson Financial Strategies LLC purchased a new position in shares of S&P Global during the fourth quarter valued at about $27,000. Human Investing LLC purchased a new position in shares of S&P Global during the fourth quarter valued at about $30,000. Noble Wealth Management PBC purchased a new position in shares of S&P Global during the fourth quarter valued at about $31,000. Finally, Hazlett Burt & Watson Inc. grew its position in shares of S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after purchasing an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Trading Down 0.3%

NYSE SPGI traded down $1.42 during trading on Friday, hitting $512.68. The stock had a trading volume of 2,142,178 shares, compared to its average volume of 1,221,536. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $157.24 billion, a price-to-earnings ratio of 41.51, a P/E/G ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a one year low of $424.82 and a one year high of $545.39. The stock has a 50 day simple moving average of $492.04 and a 200 day simple moving average of $503.88.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data 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 net margin of 27.12% and a return on equity of 14.33%. The business had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the firm earned $4.01 earnings per share. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. Sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global's dividend payout ratio is presently 30.16%.

Insider Activity

In other 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 completion of the sale, the executive vice president now owns 5,131 shares of the company's stock, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several recent research reports. Mizuho initiated coverage on S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price target for the company. Morgan Stanley lifted their price target on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. UBS Group lifted their price target on S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Wells Fargo & Company lifted their price target on S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Finally, BMO Capital Markets lifted their price target on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.