Park Edge Advisors LLC Sells 656 Shares of S&P Global Inc. (NYSE:SPGI)

Park Edge Advisors LLC lowered its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 59.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 446 shares of the business services provider's stock after selling 656 shares during the quarter. Park Edge Advisors LLC's holdings in S&P Global were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Parkside Financial Bank & Trust increased its holdings in S&P Global by 2.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock valued at $515,000 after buying an additional 20 shares in the last quarter. Personal CFO Solutions LLC boosted its stake in shares of S&P Global by 3.1% during the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock worth $336,000 after purchasing an additional 20 shares during the last quarter. Anfield Capital Management LLC raised its holdings in S&P Global by 25.6% in the 4th quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock valued at $54,000 after acquiring an additional 22 shares during the last quarter. Invenio Wealth Partners LLC boosted its stake in 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 worth $286,000 after buying an additional 22 shares during the last quarter. Finally, Retirement Planning Group LLC grew its holdings in S&P Global by 0.4% in the fourth 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 period. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SPGI. Wall Street Zen cut S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. reduced their price objective on S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. BMO Capital Markets increased their target price on shares of S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Morgan Stanley lifted their price target on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company raised their target price on shares of S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Two investment 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 company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $592.71.

S&P Global Stock Performance

S&P Global stock traded up $1.52 during mid-day trading on Thursday, hitting $515.46. 837,689 shares of the company's stock traded hands, compared to its average volume of 1,219,675. The company has a market cap of $158.09 billion, a PE ratio of 41.74, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The firm has a 50 day moving average price of $492.47 and a 200 day moving average price of $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 quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same period last year, the firm posted $4.01 earnings per share. The business's revenue was up 8.2% on a year-over-year basis. On average, equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

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

Insider Activity at S&P Global

In related news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction that occurred on 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 owns 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by insiders.

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.