Threadgill Financial LLC Buys 7,287 Shares of S&P Global Inc. (NYSE:SPGI)

Threadgill Financial LLC boosted its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 311.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,629 shares of the business services provider's stock after acquiring an additional 7,287 shares during the period. S&P Global accounts for about 2.6% of Threadgill Financial LLC's holdings, making the stock its 11th biggest position. Threadgill Financial LLC's holdings in S&P Global were worth $4,893,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPGI. Norges Bank purchased a new position in S&P Global in the 4th quarter worth approximately $1,725,084,000. GAMMA Investing LLC grew its stake in S&P Global by 60,982.3% in the 1st quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock worth $1,086,877,000 after buying an additional 2,135,599 shares in the last quarter. Raymond James Financial Inc. purchased a new position in S&P Global in the 4th quarter worth approximately $527,207,000. Proficio Capital Partners LLC grew its stake in S&P Global by 71,024.1% in the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock worth $308,525,000 after buying an additional 618,620 shares in the last quarter. Finally, Northern Trust Corp grew its stake in S&P Global by 19.1% in the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after buying an additional 525,347 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Trading Up 0.7%

NYSE:SPGI traded up $3.82 during midday trading on Friday, reaching $519.58. 624,281 shares of the stock traded hands, compared to its average volume of 1,221,082. The company has a fifty day moving average of $492.79 and a 200 day moving average of $504.25. S&P Global Inc. has a 12 month low of $425.49 and a 12 month high of $545.39. 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 $159.36 billion, a P/E ratio of 42.07, a PEG ratio of 2.41 and a beta of 1.23.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly 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. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the business posted $4.01 EPS. The firm's revenue was up 8.2% compared to the same quarter last year. On average, research analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. S&P Global's dividend payout ratio is currently 30.16%.

Insiders Place Their Bets

In other S&P Global news, EVP Sally Moore sold 500 shares of the company's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 5,131 shares in the company, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on SPGI shares. BMO Capital Markets boosted their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. lowered their price objective on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Bank of America initiated coverage on shares of S&P Global in a report on Thursday, April 10th. They set a "buy" rating and a $600.00 target price on the stock. Evercore ISI lifted their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Finally, Morgan Stanley lifted their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Two research 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 data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $592.71.

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.