Silverberg Bernstein Capital Management LLC Takes $6.56 Million Position in S&P Global Inc. (NYSE:SPGI)

Silverberg Bernstein Capital Management LLC bought a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 12,907 shares of the business services provider's stock, valued at approximately $6,558,000. S&P Global makes up about 6.1% of Silverberg Bernstein Capital Management LLC's investment portfolio, making the stock its 4th biggest position.

Other large investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust increased its holdings in shares of S&P Global by 2.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock valued at $515,000 after acquiring an additional 20 shares during the last quarter. Personal CFO Solutions LLC increased its stake in S&P Global by 3.1% in the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock valued at $336,000 after purchasing an additional 20 shares during the last quarter. Anfield Capital Management LLC increased its stake in S&P Global by 25.6% in the fourth quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock valued at $54,000 after purchasing an additional 22 shares during the last quarter. Invenio Wealth Partners LLC raised 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 in the last quarter. Finally, Retirement Planning Group LLC lifted 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 worth $2,870,000 after buying an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

Shares of S&P Global stock traded up $1.90 during trading hours on Wednesday, hitting $514.20. 712,324 shares of the company were exchanged, compared to its average volume of 1,218,958. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average of $492.23 and a 200-day moving average of $503.97. S&P Global Inc. has a 1 year low of $425.49 and a 1 year high of $545.39. The stock has a market capitalization of $157.71 billion, a price-to-earnings ratio of 41.64, a P/E/G ratio of 2.41 and a beta of 1.23.

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, beating 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 company had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. During the same period in the previous year, the company posted $4.01 EPS. S&P Global's revenue was up 8.2% compared to the same quarter last year. As a group, analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

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

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 that occurred on Monday, May 5th. The stock was 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 in the company, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on SPGI. Morgan Stanley increased their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Evercore ISI boosted their price target on shares of S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Wells Fargo & Company raised their price objective on S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. UBS Group lifted their target price 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. Finally, Bank of America started coverage on 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 company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $592.71.

S&P Global 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.