S&P Global Inc. (NYSE:SPGI) Shares Sold by Mattern Wealth Management LLC

Mattern Wealth Management LLC trimmed its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 41.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 752 shares of the business services provider's stock after selling 522 shares during the period. Mattern Wealth Management LLC's holdings in S&P Global were worth $382,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Minot DeBlois Advisors LLC acquired a new stake in S&P Global during the 4th quarter worth approximately $25,000. Anderson Financial Strategies LLC purchased a new stake in shares of S&P Global during the fourth quarter worth approximately $27,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global during the fourth quarter worth $31,000. Hazlett Burt & Watson Inc. grew its position in S&P Global by 131.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after buying an additional 38 shares during the last quarter. Finally, BankPlus Trust Department acquired a new position in S&P Global in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SPGI shares. Robert W. Baird reduced their target price on shares of 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. Mizuho assumed coverage on shares of S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective for the company. UBS Group lifted their price objective on S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Bank of America started coverage on S&P Global in a research note on Thursday, April 10th. They set a "buy" rating and a $600.00 target price for the company. Finally, JPMorgan Chase & Co. reduced their price target on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $592.71.

S&P Global Stock Up 1.7%

S&P Global stock opened at $523.32 on Wednesday. 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 firm has a market capitalization of $160.50 billion, a price-to-earnings ratio of 41.11, a price-to-earnings-growth ratio of 2.51 and a beta of 1.20. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $545.39. The stock's fifty day moving average is $503.08 and its two-hundred day moving average is $503.38.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.23 by $0.14. The business 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 27.27% and a return on equity of 14.68%. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.01 EPS. Analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, May 28th. 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 Activity at S&P Global

In related news, EVP Sally Moore sold 500 shares of S&P Global 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 completion of the sale, the executive vice president now owns 5,131 shares in the company, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by corporate 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.

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