S&P Global Inc. (NYSE:SPGI) Shares Sold by Synergy Asset Management LLC

Synergy Asset Management LLC decreased its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 49.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,128 shares of the business services provider's stock after selling 11,740 shares during the quarter. Synergy Asset Management LLC's holdings in S&P Global were worth $6,162,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Parkside Financial Bank & Trust increased its holdings in S&P Global by 2.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock worth $515,000 after purchasing an additional 20 shares during the period. Personal CFO Solutions LLC boosted its position in S&P Global by 3.1% during the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock valued at $336,000 after acquiring an additional 20 shares in the last quarter. Anfield Capital Management LLC boosted its position in S&P Global by 25.6% during the 4th quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock valued at $54,000 after acquiring an additional 22 shares in the last quarter. Invenio Wealth Partners LLC boosted its position in S&P Global by 4.0% during the 4th quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock valued at $286,000 after acquiring an additional 22 shares in the last quarter. Finally, Retirement Planning Group LLC boosted its position in S&P Global by 0.4% during the 4th quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock valued at $2,870,000 after acquiring an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

SPGI stock traded up $10.84 during midday trading on Monday, reaching $515.04. The stock had a trading volume of 2,133,033 shares, compared to its average volume of 1,234,145. The stock has a market cap of $157.96 billion, a PE ratio of 40.46, a P/E/G ratio of 2.46 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a fifty day simple moving average of $501.16 and a two-hundred day simple moving average of $503.25. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The firm's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $4.01 EPS. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were paid a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. S&P Global's payout ratio is currently 30.16%.

Insider Buying and Selling at S&P Global

In related news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction dated Monday, May 5th. The stock was 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 in the company, valued at $2,619,016.33. The trade was a 8.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

SPGI has been the topic of several recent research reports. Robert W. Baird dropped their target price on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Mizuho initiated coverage on S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price on the stock. Argus raised S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Wells Fargo & Company increased their target price on S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Finally, Bank of America initiated coverage on S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 target price on the stock. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, S&P Global currently has a consensus rating of "Moderate Buy" and a consensus price target of $592.71.

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.