Adams Diversified Equity Fund Inc. Buys 5,200 Shares of S&P Global Inc. (NYSE:SPGI)

Adams Diversified Equity Fund Inc. raised its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 11.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 approximately 1.0% of Adams Diversified Equity Fund Inc.'s investment portfolio, making the stock its 25th largest position. Adams Diversified Equity Fund Inc.'s holdings in S&P Global were worth $25,913,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock valued at $1,582,000 after buying an additional 143 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in S&P Global by 3.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock valued at $37,093,000 after buying an additional 2,413 shares during the last quarter. Sigma Planning Corp raised its holdings in S&P Global by 12.6% in the 4th quarter. Sigma Planning Corp now owns 1,428 shares of the business services provider's stock valued at $711,000 after buying an additional 160 shares during the last quarter. Wealthspire Advisors LLC raised its holdings in S&P Global by 17.8% in the 4th quarter. Wealthspire Advisors LLC now owns 768 shares of the business services provider's stock valued at $383,000 after buying an additional 116 shares during the last quarter. Finally, World Equity Group Inc. bought a new position in S&P Global in the 4th quarter valued at approximately $304,000. Institutional investors own 87.17% of the company's stock.

S&P Global Trading Up 0.6%

Shares of SPGI stock traded up $3.21 during trading hours on Friday, hitting $518.23. 2,251,581 shares of the company were exchanged, compared to its average volume of 1,237,935. The firm has a market cap of $158.94 billion, a P/E ratio of 40.71, a P/E/G 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 company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90. The company has a 50 day simple moving average of $506.39 and a two-hundred day simple moving average of $503.56.

S&P Global (NYSE:SPGI - Get Free Report) last announced 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 27.27% and a return on equity of 14.68%. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the firm posted $4.01 EPS. The company's quarterly revenue was up 8.2% on a year-over-year basis. Equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.74%. The ex-dividend date is Tuesday, August 26th. S&P Global's 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 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Stifel Nicolaus lowered their price target on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Bank of America assumed coverage on shares of S&P Global in a report on Thursday, April 10th. They set a "buy" rating and a $600.00 price target for the company. UBS Group raised their price target on shares of S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Robert W. Baird lowered their price target on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Finally, Argus upgraded shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of "Moderate Buy" and an average price target of $592.71.

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.