Sequoia Financial Advisors LLC Has $3.56 Million Stake in S&P Global Inc. (NYSE:SPGI)

Sequoia Financial Advisors LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 19.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,003 shares of the business services provider's stock after buying an additional 1,148 shares during the period. Sequoia Financial Advisors LLC's holdings in S&P Global were worth $3,558,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Minot DeBlois Advisors LLC bought a new position in S&P Global during the fourth quarter worth $25,000. Anderson Financial Strategies LLC bought a new position in S&P Global during the fourth quarter worth $27,000. Noble Wealth Management PBC bought a new position in S&P Global during the fourth quarter worth $31,000. Alpine Bank Wealth Management bought a new position in S&P Global during the first quarter worth $33,000. Finally, Hazlett Burt & Watson Inc. boosted its position in 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 worth $32,000 after purchasing an additional 38 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

SPGI stock traded up $3.21 during midday trading on Friday, reaching $518.23. The company had a trading volume of 2,251,581 shares, compared to its average volume of 1,237,935. The company has a market capitalization of $158.94 billion, a price-to-earnings ratio of 40.71, a price-to-earnings-growth ratio of 2.51 and a beta of 1.20. The stock has a 50 day moving average price of $506.39 and a 200-day moving average price of $503.56. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $545.39. 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 (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. The business had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. S&P Global's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.01 earnings per share. Equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have commented on SPGI. Argus raised shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. UBS Group lifted their price objective on shares of S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. reduced their target price on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Mizuho began coverage on shares of S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price for the company. Finally, Bank of America began coverage on shares of S&P Global in a research report on Thursday, April 10th. They issued a "buy" rating and a $600.00 target price for the company. Two investment 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $592.71.

Insider Activity at S&P Global

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 stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

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.