S&P Global Inc. (NYSE:SPGI) Stock Position Raised by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. lifted its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 11.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,000 shares of the business services provider's stock after acquiring an additional 5,200 shares during the quarter. S&P Global makes up about 1.0% of Adams Diversified Equity Fund Inc.'s holdings, making the stock its 25th biggest holding. Adams Diversified Equity Fund Inc.'s holdings in S&P Global were worth $25,913,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Wealthfront Advisers LLC lifted its position in shares of S&P Global by 19.1% in the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock valued at $18,799,000 after acquiring an additional 6,051 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in S&P Global in the 4th quarter worth approximately $14,040,000. Freestone Capital Holdings LLC lifted its position in S&P Global by 0.4% in the 4th quarter. Freestone Capital Holdings LLC now owns 11,499 shares of the business services provider's stock worth $5,727,000 after buying an additional 49 shares in the last quarter. Asahi Life Asset Management CO. LTD. lifted its position in S&P Global by 85.9% in the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 1,288 shares of the business services provider's stock worth $641,000 after buying an additional 595 shares in the last quarter. Finally, Coalescence Partners Investment Management LP lifted its position in S&P Global by 62.7% in the 4th quarter. Coalescence Partners Investment Management LP now owns 30,089 shares of the business services provider's stock worth $14,985,000 after buying an additional 11,599 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

NYSE:SPGI opened at $523.32 on Wednesday. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $545.39. The firm's fifty day simple moving average is $503.08 and its 200 day simple moving average is $503.38. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $160.50 billion, a PE ratio of 41.11, a PEG ratio of 2.51 and a beta of 1.20.

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 (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 business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the business posted $4.01 EPS. S&P Global's revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were paid a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a yield of 0.73%. S&P Global's payout ratio is presently 30.16%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SPGI. Mizuho began 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 for the company. Wells Fargo & Company increased their target price on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. UBS Group increased 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 report on Wednesday, April 30th. Stifel Nicolaus cut their target price on shares of 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. Finally, Robert W. Baird cut 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 report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $592.71.

Insider Activity at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $510.43, for a total value 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 trade represents a 8.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.