Hennion & Walsh Asset Management Inc. Trims Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Hennion & Walsh Asset Management Inc. reduced its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 4.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,111 shares of the business services provider's stock after selling 685 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in S&P Global were worth $7,170,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Parkside Financial Bank & Trust increased its stake in shares of S&P Global by 2.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock valued at $515,000 after purchasing an additional 20 shares during the last quarter. Personal CFO Solutions LLC raised its stake in S&P Global by 3.1% during the fourth 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. Anfield Capital Management LLC lifted its holdings in shares of S&P Global by 25.6% in the fourth quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock worth $54,000 after acquiring an additional 22 shares during the last quarter. Invenio Wealth Partners LLC boosted its stake 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 valued at $286,000 after purchasing an additional 22 shares in the last quarter. Finally, Retirement Planning Group LLC grew its holdings in shares of S&P Global by 0.4% during the 4th quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock valued at $2,870,000 after purchasing an additional 22 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Up 0.3%

Shares of S&P Global stock traded up $1.52 during trading hours on Thursday, reaching $515.46. The company's stock had a trading volume of 837,689 shares, compared to its average volume of 1,219,675. The company has a market capitalization of $158.09 billion, a P/E ratio of 41.74, a P/E/G ratio of 2.41 and a beta of 1.23. The stock's fifty day simple moving average is $492.47 and its two-hundred day simple moving average is $504.04. S&P Global Inc. has a one year low of $425.49 and a one year 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.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The firm's revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.01 EPS. On average, research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

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

Wall Street Analyst Weigh In

SPGI has been the topic of a number of research analyst reports. Mizuho started coverage on shares of S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price on the stock. Wells Fargo & Company boosted their price objective on S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Stifel Nicolaus dropped their target price on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Robert W. Baird cut their price target on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, BMO Capital Markets boosted their price objective 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. 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $592.71.

Insider Activity at S&P Global

In related news, EVP Sally Moore sold 500 shares of the firm's 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 now directly owns 5,131 shares of the company's stock, 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 Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by insiders.

S&P Global 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.