Tyche Wealth Partners LLC Sells 1,881 Shares of S&P Global Inc. (NYSE:SPGI)

Tyche Wealth Partners LLC lessened its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 75.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 617 shares of the business services provider's stock after selling 1,881 shares during the period. Tyche Wealth Partners LLC's holdings in S&P Global were worth $314,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Parkside Financial Bank & Trust increased its holdings in shares of S&P Global by 2.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock valued at $515,000 after buying an additional 20 shares in the last quarter. Personal CFO Solutions LLC grew its holdings in shares of S&P Global by 3.1% in the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock worth $336,000 after acquiring an additional 20 shares during the last quarter. Anfield Capital Management LLC raised its position in shares of S&P Global by 25.6% during the fourth quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock worth $54,000 after purchasing an additional 22 shares during the period. Invenio Wealth Partners LLC raised its position in shares of S&P Global by 4.0% during the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock worth $286,000 after purchasing an additional 22 shares during the period. Finally, Retirement Planning Group LLC lifted its holdings in shares of S&P Global by 0.4% during the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock valued at $2,870,000 after purchasing an additional 22 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

Insider Activity at S&P Global

In other news, EVP Sally Moore sold 500 shares of the 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 transaction, the executive vice president now owns 5,131 shares of the company's stock, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is owned by company insiders.

S&P Global Stock Down 1.0%

SPGI stock traded down $5.41 during mid-day trading on Thursday, hitting $515.88. The stock had a trading volume of 1,301,005 shares, compared to its average volume of 1,234,914. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $545.39. The company has a fifty day moving average of $504.21 and a 200 day moving average of $503.51. 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 stock has a market capitalization of $158.22 billion, a price-to-earnings ratio of 40.52, a PEG ratio of 2.55 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 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 business had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same quarter in the previous year, the business posted $4.01 EPS. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities 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 declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global's dividend payout ratio is currently 30.16%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Argus raised S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Mizuho started coverage on shares of S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price on the stock. Bank of America started coverage on shares of S&P Global in a report on Thursday, April 10th. They set a "buy" rating and a $600.00 price target on the stock. Wells Fargo & Company raised their price objective on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Finally, Stifel Nicolaus lowered their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Two research 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's stock. Based on data from MarketBeat.com, S&P Global presently has an average rating of "Moderate Buy" and a consensus 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.