S&P Global Inc. (NYSE:SPGI) Shares Bought by Greenleaf Trust

Greenleaf Trust boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 1.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,853 shares of the business services provider's stock after acquiring an additional 1,403 shares during the period. S&P Global comprises 0.3% of Greenleaf Trust's portfolio, making the stock its 21st largest holding. Greenleaf Trust's holdings in S&P Global were worth $37,525,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SPGI. Minot DeBlois Advisors LLC bought a new position in S&P Global during the 4th quarter valued at $25,000. Anderson Financial Strategies LLC acquired a new stake in shares of S&P Global during the fourth quarter worth $27,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of S&P Global during the first quarter worth $28,000. Hazlett Burt & Watson Inc. raised its holdings in shares of S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after purchasing an additional 38 shares during the period. Finally, Alpine Bank Wealth Management acquired a new stake in shares of S&P Global during the first quarter worth $33,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SPGI. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. lowered their target price on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Wells Fargo & Company raised their target price on shares of S&P Global from $627.00 to $632.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Robert W. Baird lowered their target price on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, Bank of America assumed coverage on shares of S&P Global in a research note on Thursday, April 10th. They set a "buy" rating and a $600.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, S&P Global presently has an average rating of "Moderate Buy" and an average target price of $596.79.

S&P Global Stock Performance

S&P Global stock opened at $526.31 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.90 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. The company has a market cap of $161.42 billion, a PE ratio of 41.34, a PEG ratio of 2.58 and a beta of 1.19. The company's 50-day moving average is $514.05 and its two-hundred day moving average is $504.94.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the prior year, the company posted $4.01 EPS. The company's revenue was up 8.2% compared to the same quarter last year. Equities analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be given a dividend of $0.96 per share. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.73%. S&P Global's payout ratio is presently 30.16%.

Insider Transactions at S&P Global

In related news, EVP Sally Moore sold 500 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, the executive vice president directly owned 5,131 shares in the company, valued at $2,619,016.33. This trade represents a 8.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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.

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