487 Shares in S&P Global Inc. (NYSE:SPGI) Acquired by Sovran Advisors LLC

Sovran Advisors LLC purchased a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 487 shares of the business services provider's stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. Joel Isaacson & Co. LLC raised its stake in shares of S&P Global by 4.7% in the 1st quarter. Joel Isaacson & Co. LLC now owns 862 shares of the business services provider's stock valued at $438,000 after purchasing an additional 39 shares in the last quarter. Colonial River Investments LLC acquired a new stake in shares of S&P Global in the first quarter valued at approximately $281,000. Little House Capital LLC increased its stake in shares of S&P Global by 21.7% in the first quarter. Little House Capital LLC now owns 1,425 shares of the business services provider's stock valued at $724,000 after purchasing an additional 254 shares during the period. Confluence Wealth Services Inc. boosted its holdings in shares of S&P Global by 1.5% in the first quarter. Confluence Wealth Services Inc. now owns 2,005 shares of the business services provider's stock valued at $943,000 after acquiring an additional 30 shares in the last quarter. Finally, Highland Capital Management LLC boosted its holdings in shares of S&P Global by 0.7% in the first quarter. Highland Capital Management LLC now owns 24,720 shares of the business services provider's stock valued at $12,560,000 after acquiring an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

Insider Buying and Selling

In other news, EVP Sally Moore sold 500 shares of the company's 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 transaction, the executive vice president directly owned 5,131 shares in the company, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on SPGI. UBS Group lifted their price target 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. decreased their target price on 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. Oppenheimer upped their price objective on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday. Bank of America initiated coverage on S&P Global in a research note on Thursday, April 10th. They set a "buy" rating and a $600.00 price target for the company. Finally, Mizuho initiated coverage on shares of S&P Global in a report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price target on the stock. Two 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $593.93.

S&P Global Stock Performance

SPGI stock traded up $5.38 on Friday, reaching $531.02. 578,304 shares of the company were exchanged, compared to its average volume of 1,235,308. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $545.39. The stock's fifty day moving average price is $512.34 and its 200 day moving average price is $504.40. The firm has a market capitalization of $162.86 billion, a PE ratio of 41.71, a PEG ratio of 2.58 and a beta of 1.19. 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 announced its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the firm posted $4.01 earnings per share. S&P Global's revenue was up 8.2% compared to the same quarter last year. On average, research analysts anticipate 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, September 10th. Shareholders of record on Tuesday, August 26th will be given a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.72%. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

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.