S&P Global Inc. (NYSE:SPGI) Shares Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC increased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 28.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,490 shares of the business services provider's stock after buying an additional 1,440 shares during the period. Summit Trail Advisors LLC's holdings in S&P Global were worth $3,298,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of S&P Global in the 4th quarter worth $1,725,084,000. GAMMA Investing LLC lifted its holdings in shares of S&P Global by 60,982.3% in the 1st quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock valued at $1,086,877,000 after acquiring an additional 2,135,599 shares during the last quarter. Raymond James Financial Inc. purchased a new position in S&P Global in the fourth quarter worth about $527,207,000. Northern Trust Corp grew its position in S&P Global by 19.1% in the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after acquiring an additional 525,347 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in S&P Global during the fourth quarter worth approximately $238,503,000. 87.17% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Sally Moore sold 500 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the sale, the executive vice president owned 5,131 shares in the company, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SPGI shares. Robert W. Baird dropped their target price on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price target on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Bank of America assumed coverage on shares of S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 price objective on the stock. Mizuho assumed coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price for the company. Finally, Oppenheimer upped their price target on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday. Two equities 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's stock. Based on data from MarketBeat, S&P Global currently has a consensus rating of "Moderate Buy" and an average target price of $593.57.

S&P Global Stock Down 0.7%

Shares of NYSE:SPGI traded down $3.64 on Wednesday, reaching $525.68. The company had a trading volume of 917,676 shares, compared to its average volume of 1,233,010. The firm has a market capitalization of $161.23 billion, a PE ratio of 41.29, a PEG ratio of 2.58 and a beta of 1.19. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $545.39. The firm's 50 day simple moving average is $509.23 and its 200-day simple moving average is $503.75.

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. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the firm earned $4.01 earnings per share. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. As a group, 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 announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a yield of 0.73%. S&P Global's dividend payout ratio (DPR) 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.