S&P Global Inc. (NYSE:SPGI) Holdings Decreased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 4.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 733,636 shares of the business services provider's stock after selling 36,228 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of S&P Global worth $372,760,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC grew its position in S&P Global by 19.1% in the fourth quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock worth $18,799,000 after buying an additional 6,051 shares during the last quarter. Graham Capital Management L.P. acquired a new stake in shares of S&P Global during the 4th quarter valued at $14,040,000. Freestone Capital Holdings LLC boosted its stake in shares of S&P Global by 0.4% during the 4th quarter. Freestone Capital Holdings LLC now owns 11,499 shares of the business services provider's stock valued at $5,727,000 after buying an additional 49 shares during the period. Asahi Life Asset Management CO. LTD. boosted its stake in shares of S&P Global by 85.9% during the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 1,288 shares of the business services provider's stock valued at $641,000 after buying an additional 595 shares during the period. Finally, Coalescence Partners Investment Management LP boosted its stake in shares of S&P Global by 62.7% during the 4th quarter. Coalescence Partners Investment Management LP now owns 30,089 shares of the business services provider's stock valued at $14,985,000 after buying an additional 11,599 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Up 0.6%

Shares of NYSE:SPGI traded up $3.21 during trading on Friday, reaching $518.23. The stock had a trading volume of 2,251,581 shares, compared to its average volume of 1,237,935. S&P Global Inc. has a one year low of $427.14 and a one year high of $545.39. The company has a market capitalization of $158.94 billion, a P/E ratio of 40.71, a PEG ratio of 2.51 and a beta of 1.20. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm's 50-day simple moving average is $506.39 and its 200 day simple moving average is $503.56.

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 for the quarter, beating 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 firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the firm earned $4.01 EPS. The business's quarterly revenue was up 8.2% on a year-over-year basis. As a group, research analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be paid 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 Tuesday, August 26th. S&P Global's payout ratio is 30.16%.

Insider Buying and Selling

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 sale, the executive vice president now directly owns 5,131 shares in the company, valued at $2,619,016.33. The trade was a 8.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. decreased 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 report on Wednesday, April 16th. 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 note on Wednesday, April 30th. Bank of America started coverage on shares of S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective on the stock. Finally, 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. Two 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $592.71.

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.