S&P Global Inc. (NYSE:SPGI) Stock Position Trimmed by Professional Advisory Services Inc.

Professional Advisory Services Inc. cut its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,754 shares of the business services provider's stock after selling 936 shares during the quarter. S&P Global comprises 2.0% of Professional Advisory Services Inc.'s holdings, making the stock its 28th biggest position. Professional Advisory Services Inc.'s holdings in S&P Global were worth $14,102,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Minot DeBlois Advisors LLC bought a new stake in shares of S&P Global during the 4th quarter worth about $25,000. Anderson Financial Strategies LLC bought a new stake in shares of S&P Global during the 4th quarter worth about $27,000. Human Investing LLC bought a new stake in shares of S&P Global during the 4th quarter worth about $30,000. Noble Wealth Management PBC bought a new stake in shares of S&P Global during the 4th quarter worth about $31,000. Finally, Hazlett Burt & Watson Inc. raised its position in shares of S&P Global by 131.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after buying an additional 38 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Insider Transactions at S&P Global

In related news, EVP Sally Moore sold 500 shares of the business'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 directly owns 5,131 shares of the company's stock, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SPGI shares. Morgan Stanley boosted their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Argus raised shares of S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Wells Fargo & Company lifted their price objective on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Evercore ISI lifted their price objective on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Finally, Robert W. Baird lowered their price objective on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Two 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 data from MarketBeat, S&P Global has an average rating of "Moderate Buy" and a consensus target price of $592.71.

S&P Global Stock Performance

S&P Global stock opened at $519.58 on Friday. The firm's 50 day simple moving average is $492.79 and its 200-day simple moving average is $504.25. The company has a market cap of $159.36 billion, a P/E ratio of 42.07, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a fifty-two week low of $425.49 and a fifty-two week high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share 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 the consensus estimate of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $4.01 earnings per share. As a group, equities research analysts predict 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 will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global's dividend payout ratio (DPR) is currently 30.16%.

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.

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI - Free Report).

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.