S&P Global Inc. (NYSE:SPGI) Stock Holdings Lessened by Conning Inc.

Conning Inc. cut its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 25.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,992 shares of the business services provider's stock after selling 690 shares during the period. Conning Inc.'s holdings in S&P Global were worth $1,012,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Checchi Capital Advisers LLC grew its holdings in shares of S&P Global by 1.6% during the 1st quarter. Checchi Capital Advisers LLC now owns 3,087 shares of the business services provider's stock worth $1,569,000 after purchasing an additional 49 shares during the period. Mutual Advisors LLC grew its stake in S&P Global by 11.3% during the first quarter. Mutual Advisors LLC now owns 1,659 shares of the business services provider's stock worth $796,000 after buying an additional 169 shares during the period. Smart Money Group LLC grew its stake in S&P Global by 29.2% during the first quarter. Smart Money Group LLC now owns 1,853 shares of the business services provider's stock worth $941,000 after buying an additional 419 shares during the period. Resonant Capital Advisors LLC boosted its position in S&P Global by 1.3% during the 1st quarter. Resonant Capital Advisors LLC now owns 5,645 shares of the business services provider's stock worth $2,868,000 after purchasing an additional 74 shares during the period. Finally, Revisor Wealth Management LLC boosted its position in S&P Global by 70.4% during the 1st quarter. Revisor Wealth Management LLC now owns 1,029 shares of the business services provider's stock worth $523,000 after purchasing an additional 425 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Up 1.0%

Shares of S&P Global stock traded up $5.38 on Friday, hitting $531.02. 578,304 shares of the company's stock traded hands, compared to its average volume of 1,235,308. The stock has a market cap of $162.86 billion, a P/E ratio of 41.71, a PEG ratio of 2.58 and a beta of 1.19. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm's 50-day moving average is $512.34 and its 200 day moving average is $504.40. 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 posted its quarterly earnings data 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 27.27% and a return on equity of 14.68%. The firm 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 firm posted $4.01 EPS. The firm'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 business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders 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 0.72%. S&P Global's payout ratio is 30.16%.

Insider Activity at S&P Global

In other news, EVP Sally Moore sold 500 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction 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 trade represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SPGI. Oppenheimer upped their price target on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday. Argus raised S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Stifel Nicolaus decreased their price target on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company upped their price target on S&P Global from $627.00 to $632.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Mizuho started coverage on S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price target for the company. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $593.93.

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.