Thurston Springer Miller Herd & Titak Inc. Raises Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 31.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,219 shares of the business services provider's stock after purchasing an additional 1,485 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in S&P Global were worth $3,160,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Wealthfront Advisers LLC boosted its holdings in shares of S&P Global by 19.1% during the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock valued at $18,799,000 after purchasing an additional 6,051 shares during the last quarter. Graham Capital Management L.P. purchased a new stake in shares of S&P Global in the fourth quarter worth about $14,040,000. Freestone Capital Holdings LLC boosted its stake in S&P Global by 0.4% during the fourth 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 last quarter. Asset Management One Co. Ltd. grew its holdings in S&P Global by 0.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 153,466 shares of the business services provider's stock valued at $77,009,000 after buying an additional 1,432 shares in the last quarter. Finally, Empowered Funds LLC increased its position in S&P Global by 16.7% in the fourth quarter. Empowered Funds LLC now owns 7,033 shares of the business services provider's stock worth $3,503,000 after purchasing an additional 1,006 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Trading Up 0.7%

S&P Global stock traded up $3.82 during trading hours on Friday, hitting $519.58. The company had a trading volume of 624,281 shares, compared to its average volume of 1,218,659. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $159.36 billion, a P/E ratio of 42.07, a P/E/G ratio of 2.41 and a beta of 1.23. The company has a 50-day moving average price of $492.61 and a two-hundred day moving average price of $504.13. S&P Global Inc. has a 1 year low of $425.49 and a 1 year high of $545.39.

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 (EPS) for the quarter, topping the consensus estimate of $4.23 by $0.14. The company 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%. S&P Global's revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.01 earnings per share. On average, sell-side analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

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

Insider Buying and Selling

In other 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 completion of the sale, the executive vice president now owns 5,131 shares in the company, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on SPGI shares. Morgan Stanley lifted their price target on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Wall Street Zen cut S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Argus raised S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Robert W. Baird lowered their price target 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. Finally, Mizuho began coverage on shares of S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.