Avanza Fonder AB Reduces Position in S&P Global Inc. (NYSE:SPGI)

Avanza Fonder AB cut its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 4.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,006 shares of the business services provider's stock after selling 912 shares during the period. Avanza Fonder AB's holdings in S&P Global were worth $11,311,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parkside Financial Bank & Trust boosted its stake 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 acquiring an additional 20 shares in the last quarter. Personal CFO Solutions LLC lifted its stake in shares of 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 buying an additional 20 shares during the period. Anfield Capital Management LLC lifted its stake in shares of S&P Global by 25.6% during the fourth quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock worth $54,000 after buying an additional 22 shares during the period. Invenio Wealth Partners LLC lifted its stake in shares of S&P Global by 4.0% during the fourth 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 period. Finally, Retirement Planning Group LLC lifted its stake in shares of S&P Global by 0.4% during the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock worth $2,870,000 after buying an additional 22 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other S&P Global news, EVP Sally Moore sold 500 shares of the 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 sale, the executive vice president now directly owns 5,131 shares in the company, valued at $2,619,016.33. This represents a 8.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is owned by company insiders.

S&P Global Trading Down 1.0%

NYSE:SPGI traded down $4.84 on Friday, hitting $501.03. The stock had a trading volume of 1,343,042 shares, compared to its average volume of 1,223,684. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a market cap of $153.67 billion, a price-to-earnings ratio of 40.57, a PEG ratio of 2.41 and a beta of 1.20. The company has a fifty day moving average price of $495.92 and a two-hundred day moving average price of $504.24. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last issued 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. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the business posted $4.01 EPS. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. Equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were issued a dividend of $0.96 per share. The ex-dividend date was Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a yield of 0.77%. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SPGI. Mizuho began coverage on shares of S&P Global in a report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price for the company. Argus raised shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Bank of America initiated coverage on shares of S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective for the company. UBS Group boosted their target price on shares of S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, Wall Street Zen cut shares of S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. 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. According to MarketBeat.com, S&P Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $592.71.

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.