Simplicity Wealth LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 637 shares of the business services provider's stock, valued at approximately $324,000.
A number of other institutional investors also recently made changes to their positions in the company. Minot DeBlois Advisors LLC bought a new stake in shares of S&P Global in the fourth quarter valued at approximately $25,000. Anderson Financial Strategies LLC bought a new stake in shares of S&P Global in the fourth quarter valued at approximately $27,000. Human Investing LLC bought a new stake in shares of S&P Global in the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC bought a new stake in shares of S&P Global in the fourth quarter valued at approximately $31,000. Finally, Hazlett Burt & Watson Inc. boosted its stake in shares of S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after buying an additional 38 shares during the period. Institutional investors own 87.17% of the company's stock.
Analyst Ratings Changes
Several research analysts have commented on SPGI shares. Wall Street Zen downgraded shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. UBS Group boosted their price objective on shares of S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Robert W. Baird lowered their price objective on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lowered 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 research report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $592.71.
Get Our Latest Stock Report on SPGI
Insider Activity at S&P Global
In related news, EVP Sally Moore sold 500 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.
S&P Global Price Performance
Shares of NYSE:SPGI traded up $3.14 during trading on Monday, hitting $504.63. 1,011,645 shares of the company were exchanged, compared to its average volume of 1,224,577. The business's 50 day moving average is $498.39 and its 200-day moving average is $503.71. The company has a market capitalization of $154.77 billion, a P/E ratio of 40.86, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $545.39.
S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly 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. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The company's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $4.01 earnings per share. Equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were issued a $0.96 dividend. The ex-dividend date 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%.
S&P Global Profile
(
Free Report)
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.
Further Reading
Before you consider S&P Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and S&P Global wasn't on the list.
While S&P Global currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
