Clio Asset Management LLC Sells 650 Shares of S&P Global Inc. (NYSE:SPGI)

Clio Asset Management LLC decreased its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 4.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,289 shares of the business services provider's stock after selling 650 shares during the quarter. S&P Global accounts for approximately 5.4% of Clio Asset Management LLC's holdings, making the stock its 9th largest position. Clio Asset Management LLC's holdings in S&P Global were worth $6,752,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Wealthfront Advisers LLC lifted its holdings in shares of S&P Global by 19.1% in the fourth quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock valued at $18,799,000 after buying an additional 6,051 shares during the period. Graham Capital Management L.P. acquired a new stake in shares of S&P Global in the fourth quarter valued at $14,040,000. Freestone Capital Holdings LLC lifted its holdings in shares of S&P Global by 0.4% in the fourth quarter. Freestone Capital Holdings LLC now owns 11,499 shares of the business services provider's stock valued at $5,727,000 after buying an additional 49 shares during the period. Asahi Life Asset Management CO. LTD. lifted its holdings in shares of S&P Global by 85.9% in the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 1,288 shares of the business services provider's stock valued at $641,000 after buying an additional 595 shares during the period. Finally, Coalescence Partners Investment Management LP lifted its holdings in shares of S&P Global by 62.7% in the fourth quarter. Coalescence Partners Investment Management LP now owns 30,089 shares of the business services provider's stock valued at $14,985,000 after buying an additional 11,599 shares during the period. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Up 0.2%

S&P Global stock traded up $1.22 during mid-day trading on Friday, hitting $503.85. The company's stock had a trading volume of 2,078,049 shares, compared to its average volume of 1,230,529. The firm's 50 day moving average is $501.16 and its 200 day moving average is $503.33. The company has a market cap of $154.53 billion, a PE ratio of 39.58, a price-to-earnings-growth ratio of 2.46 and a beta of 1.20. 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 Inc. has a 52-week low of $427.14 and a 52-week high of $545.39.

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. The firm 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%. The business's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $4.01 EPS. On average, analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, May 28th. S&P Global's dividend payout ratio is currently 30.16%.

Analyst Ratings Changes

Several analysts have recently weighed in on SPGI shares. JPMorgan Chase & Co. cut their price objective on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Wells Fargo & Company upped their price objective on S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Bank of America started coverage on S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective for the company. Robert W. Baird cut their price objective on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Finally, Argus upgraded S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $592.71.

Insider Buying and Selling

In other S&P Global news, EVP Sally Moore sold 500 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the transaction, the executive vice president now directly owns 5,131 shares of the company's stock, valued at $2,619,016.33. This represents a 8.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.10% of the company's stock.

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.