Stokes Capital Advisors LLC Invests $615,000 in S&P Global Inc. (NYSE:SPGI)

Stokes Capital Advisors LLC bought a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,210 shares of the business services provider's stock, valued at approximately $615,000.

A number of other hedge funds have also added to or reduced their stakes in SPGI. Minot DeBlois Advisors LLC bought a new stake in shares of S&P Global during the 4th quarter valued at about $25,000. Anderson Financial Strategies LLC bought a new stake in S&P Global in the 4th quarter worth approximately $27,000. Human Investing LLC bought a new stake in S&P Global in the 4th quarter worth approximately $30,000. Noble Wealth Management PBC bought a new stake in S&P Global in the 4th quarter worth approximately $31,000. Finally, Hazlett Burt & Watson Inc. lifted its position in S&P Global by 131.0% in 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 during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

Insider Buying and Selling

In related news, EVP Sally Moore sold 500 shares of the company's stock in a transaction on Monday, May 5th. The stock was 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 of the company's stock, valued at $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on SPGI. Bank of America began coverage on S&P Global in a research report on Thursday, April 10th. They issued a "buy" rating and a $600.00 target price for the company. Evercore ISI boosted their target price on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Wall Street Zen downgraded S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Mizuho assumed coverage on 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. Finally, Robert W. Baird lowered their price objective on 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 research 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $592.71.

S&P Global Trading Up 0.7%

Shares of SPGI traded up $3.82 during mid-day trading on Friday, hitting $519.58. 624,281 shares of the company's stock traded hands, compared to its average volume of 1,222,732. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 1 year low of $425.49 and a 1 year high of $545.39. The firm has a market capitalization of $159.36 billion, a P/E ratio of 42.07, a PEG ratio of 2.41 and a beta of 1.20. The business's 50-day moving average price is $492.79 and its 200-day moving average price is $504.25.

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 the consensus estimate of $4.23 by $0.14. The firm had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The business's revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.01 earnings per share. As a group, sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be paid a $0.96 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $3.84 annualized dividend and a yield of 0.74%. S&P Global's payout ratio is 30.16%.

S&P Global Company 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.