S&P Global Inc. (NYSE:SPGI) Shares Sold by Spirepoint Private Client LLC

Spirepoint Private Client LLC cut its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 30.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,873 shares of the business services provider's stock after selling 801 shares during the quarter. Spirepoint Private Client LLC's holdings in S&P Global were worth $952,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. boosted its position in S&P Global by 64.6% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 209 shares of the business services provider's stock valued at $106,000 after acquiring an additional 82 shares in the last quarter. Legacy Advisors LLC lifted its stake in shares of S&P Global by 33.0% during the 1st quarter. Legacy Advisors LLC now owns 1,093 shares of the business services provider's stock worth $555,000 after purchasing an additional 271 shares during the last quarter. GHP Investment Advisors Inc. boosted its position in S&P Global by 1.2% during the first quarter. GHP Investment Advisors Inc. now owns 13,656 shares of the business services provider's stock valued at $6,939,000 after purchasing an additional 157 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in S&P Global by 6.5% during the first quarter. Asset Management One Co. Ltd. now owns 163,498 shares of the business services provider's stock valued at $83,073,000 after purchasing an additional 10,032 shares in the last quarter. Finally, Chapin Davis Inc. grew its stake in S&P Global by 156.7% in the first quarter. Chapin Davis Inc. now owns 1,163 shares of the business services provider's stock valued at $591,000 after purchasing an additional 710 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. UBS Group increased their price target on shares of S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Mizuho started coverage on shares of S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective on the stock. Stifel Nicolaus decreased 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. Robert W. Baird lowered 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 note on Wednesday, April 30th. Finally, Bank of America assumed coverage on shares of S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target on the stock. Two research 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $592.71.

S&P Global Stock Performance

S&P Global stock traded down $1.68 during mid-day trading on Wednesday, reaching $521.29. 1,059,921 shares of the company traded hands, compared to its average volume of 1,233,712. The firm's fifty day moving average is $503.08 and its two-hundred day moving average is $503.38. The company has a market capitalization of $159.88 billion, a price-to-earnings ratio of 40.95, a price-to-earnings-growth 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 current ratio of 0.90 and a quick ratio of 0.90.

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 earnings per share 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 firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the company earned $4.01 earnings per share. The business's quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.74%. S&P Global's payout ratio is presently 30.16%.

Insider Buying and Selling at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the firm'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 completion of the transaction, the executive vice president now directly 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 filing with the SEC, which can be accessed through this link. Company 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.