S&P Global Inc. (NYSE:SPGI) Shares Bought by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC raised its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,850 shares of the business services provider's stock after buying an additional 536 shares during the quarter. S&P Global makes up approximately 0.7% of Linden Thomas Advisory Services LLC's investment portfolio, making the stock its 12th largest position. Linden Thomas Advisory Services LLC's holdings in S&P Global were worth $5,513,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Personal CFO Solutions LLC raised its position in shares of S&P Global by 3.1% during the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock worth $336,000 after acquiring an additional 20 shares in the last quarter. Invenio Wealth Partners LLC raised its holdings in shares of S&P Global by 4.0% in the 4th quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock worth $286,000 after purchasing an additional 22 shares during the period. Retirement Planning Group LLC grew its stake in shares of S&P Global by 0.4% in the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock valued at $2,870,000 after buying an additional 22 shares in the last quarter. SeaCrest Wealth Management LLC boosted its position in S&P Global by 2.1% during the 1st quarter. SeaCrest Wealth Management LLC now owns 1,132 shares of the business services provider's stock valued at $575,000 after purchasing an additional 23 shares during the period. Finally, Gitterman Wealth Management LLC lifted its position in shares of S&P Global by 5.7% during the 4th quarter. Gitterman Wealth Management LLC now owns 483 shares of the business services provider's stock valued at $241,000 after acquiring an additional 26 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on SPGI. Argus upgraded S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Morgan Stanley upped their price target on shares of S&P Global from $587.00 to $595.00 and gave the company an "overweight" rating in a research report on Monday. Robert W. Baird lowered their price objective on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. UBS Group lifted their price target on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Mizuho began coverage on shares of S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, S&P Global presently has an average rating of "Moderate Buy" and an average price target of $596.79.

S&P Global Trading Down 0.7%

Shares of NYSE:SPGI opened at $526.31 on Wednesday. The business's 50 day simple moving average is $514.05 and its 200 day simple moving average is $504.94. The company has a market capitalization of $161.42 billion, a P/E ratio of 41.34, a P/E/G ratio of 2.58 and a beta of 1.19. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $545.39. 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 issued its earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The firm's revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $4.01 EPS. 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 business 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 annualized dividend and a dividend yield of 0.73%. S&P Global's dividend payout ratio is currently 30.16%.

Insider Buying and Selling

In other S&P Global news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the sale, the executive vice president owned 5,131 shares in the company, valued at $2,619,016.33. This trade 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 corporate insiders.

About S&P Global

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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