S&P Global Inc. (NYSE:SPGI) Shares Sold by Spire Wealth Management

Spire Wealth Management lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 20.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,884 shares of the business services provider's stock after selling 4,812 shares during the quarter. Spire Wealth Management's holdings in S&P Global were worth $9,595,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank bought a new position in S&P Global in the 4th quarter worth $1,725,084,000. GAMMA Investing LLC lifted its position in S&P Global by 60,982.3% in the first quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock worth $1,086,877,000 after buying an additional 2,135,599 shares during the last quarter. Raymond James Financial Inc. bought a new position in S&P Global during the fourth quarter valued at $527,207,000. Proficio Capital Partners LLC lifted its holdings in shares of S&P Global by 71,024.1% in the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock worth $308,525,000 after acquiring an additional 618,620 shares during the last quarter. Finally, Northern Trust Corp raised its position in S&P Global by 19.1% in the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after purchasing an additional 525,347 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Down 1.0%

SPGI stock traded down $5.41 during midday trading on Thursday, hitting $515.88. The company's stock had a trading volume of 1,301,005 shares, compared to its average volume of 1,233,332. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $545.39. The firm has a 50-day simple moving average of $504.21 and a 200-day simple moving average of $503.51. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $158.22 billion, a P/E ratio of 32.44, a PEG ratio of 2.54 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly 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 return on equity of 14.68% and a net margin of 27.27%. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the prior year, the company posted $4.01 earnings per share. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. As a group, 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 announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SPGI. Wells Fargo & Company upped their target price on S&P Global from $607.00 to $627.00 and gave the stock an "overweight" 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 on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their target price on shares of 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. Stifel Nicolaus lowered their price target on S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, Mizuho began coverage on shares of S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price target for the company. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $592.71.

Insider Transactions at S&P Global

In related news, EVP Sally Moore sold 500 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company's stock.

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.