TrueWealth Advisors LLC Buys New Stake in S&P Global Inc. (NYSE:SPGI)

TrueWealth Advisors LLC purchased a new position in S&P Global Inc. (NYSE:SPGI - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 664 shares of the business services provider's stock, valued at approximately $338,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Minot DeBlois Advisors LLC acquired a new stake in S&P Global in the 4th quarter valued at about $25,000. Anderson Financial Strategies LLC acquired a new stake in S&P Global during the fourth quarter valued at approximately $27,000. Human Investing LLC bought a new stake in S&P Global during the fourth quarter worth approximately $30,000. Noble Wealth Management PBC acquired a new position in S&P Global in the fourth quarter worth approximately $31,000. Finally, Hazlett Burt & Watson Inc. increased its holdings in shares of S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after buying an additional 38 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Sally Moore sold 500 shares of the company's stock in a transaction dated 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 now owns 5,131 shares in the company, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company's stock.

S&P Global Stock Up 0.3%

Shares of NYSE SPGI traded up $1.52 during mid-day trading on Thursday, reaching $515.46. The company had a trading volume of 837,689 shares, compared to its average volume of 1,219,675. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a twelve month low of $425.49 and a twelve month high of $545.39. The stock's 50 day moving average is $492.47 and its 200-day moving average is $504.04. The stock has a market capitalization of $158.09 billion, a PE ratio of 41.74, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23.

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 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 analyst estimates 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 prior year, the firm posted $4.01 EPS. As a group, equities analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SPGI shares. Wells Fargo & Company raised their price objective on S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. reduced their target price on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. BMO Capital Markets lifted their price target on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Argus upgraded S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Finally, Evercore ISI raised their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $592.71.

S&P Global 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.