Atria Investments Inc Sells 5,648 Shares of S&P Global Inc. (NYSE:SPGI)

Atria Investments Inc lessened its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 19.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,491 shares of the business services provider's stock after selling 5,648 shares during the quarter. Atria Investments Inc's holdings in S&P Global were worth $11,936,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Graham Capital Management L.P. acquired a new position in shares of S&P Global during the fourth quarter worth approximately $14,040,000. GAMMA Investing LLC lifted its holdings in S&P Global by 20.2% during the first quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock worth $2,139,000 after acquiring an additional 708 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in S&P Global by 1.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock valued at $44,102,000 after buying an additional 1,166 shares in the last quarter. Alaethes Wealth LLC bought a new position in S&P Global during the 4th quarter worth about $2,029,000. Finally, Linden Thomas Advisory Services LLC lifted its stake in S&P Global by 5.2% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 10,850 shares of the business services provider's stock valued at $5,513,000 after acquiring an additional 536 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 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 transaction, the executive vice president owned 5,131 shares of the company's stock, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Stock Up 0.8%

SPGI traded up $4.13 during mid-day trading on Friday, reaching $534.98. 788,259 shares of the stock were exchanged, compared to its average volume of 960,113. 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 quick ratio of 0.90 and a current ratio of 0.90. The company has a 50 day moving average price of $518.48 and a two-hundred day moving average price of $507.37. The stock has a market capitalization of $164.08 billion, a PE ratio of 42.03, a price-to-earnings-growth ratio of 2.56 and a beta of 1.19.

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 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 firm had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. During the same period in the previous year, the company earned $4.01 earnings per share. The company's quarterly revenue was up 8.2% on a year-over-year basis. As a group, research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

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 issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.72%. S&P Global's payout ratio is 30.16%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SPGI shares. Stifel Nicolaus dropped their price objective on S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Robert W. Baird decreased their price target on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Argus upgraded S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Oppenheimer increased their price target on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Morgan Stanley increased their target price 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, July 7th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, S&P Global presently has an average rating of "Moderate Buy" and an average price target of $601.07.

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.