QRG Capital Management Inc. Has $12.90 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

QRG Capital Management Inc. raised its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 7.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,393 shares of the business services provider's stock after purchasing an additional 1,831 shares during the period. QRG Capital Management Inc.'s holdings in S&P Global were worth $12,902,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPGI. Norges Bank bought a new position in shares of S&P Global in the 4th quarter valued at $1,725,084,000. GAMMA Investing LLC boosted its stake in S&P Global by 60,982.3% in the first quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock valued at $1,086,877,000 after buying an additional 2,135,599 shares in the last quarter. Raymond James Financial Inc. bought a new position in S&P Global in the fourth quarter valued at about $527,207,000. Proficio Capital Partners LLC raised its stake in S&P Global by 71,024.1% during the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock worth $308,525,000 after acquiring an additional 618,620 shares in the last quarter. Finally, Northern Trust Corp raised its stake in S&P Global by 19.1% during the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after acquiring an additional 525,347 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SPGI. Bank of America began coverage on shares of S&P Global in a research note on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target on the stock. Mizuho initiated 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 on the stock. Argus upgraded shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Wells Fargo & Company increased their price target on S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. reduced their price objective on S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, S&P Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $592.71.

Insider Buying and Selling at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction that occurred 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 approximately $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company's stock.

S&P Global Trading Down 0.8%

Shares of SPGI traded down $3.85 during mid-day trading on Tuesday, reaching $501.15. 1,196,986 shares of the company were exchanged, compared to its average volume of 1,224,466. The business has a 50 day simple moving average of $498.39 and a two-hundred day simple moving average of $503.71. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $153.70 billion, a PE ratio of 40.58, a PEG ratio of 2.41 and a beta of 1.20. 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 issued its quarterly 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 27.12% and a return on equity of 14.33%. The firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the company earned $4.01 EPS. The company's revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 0.77%. S&P Global's payout ratio is 30.16%.

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.