S&P Global Inc. (NYSE:SPGI) Shares Sold by Vest Financial LLC

Vest Financial LLC lowered its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 6.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 109,873 shares of the business services provider's stock after selling 7,024 shares during the period. Vest Financial LLC's holdings in S&P Global were worth $55,826,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Parkside Financial Bank & Trust grew 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 purchasing 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 fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock valued at $336,000 after purchasing an additional 20 shares in the last quarter. Anfield Capital Management LLC grew its holdings in shares of S&P Global by 25.6% in the fourth quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock valued at $54,000 after purchasing an additional 22 shares in the last quarter. Invenio Wealth Partners LLC grew its holdings in shares of S&P Global by 4.0% in the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock valued at $286,000 after purchasing an additional 22 shares in the last quarter. Finally, Retirement Planning Group LLC grew its holdings in shares of S&P Global by 0.4% in 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 in the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Insider Activity at S&P Global

In related news, EVP Sally Moore sold 500 shares of the company's stock in a transaction on 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 $2,619,016.33. This represents a 8.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of research reports. BMO Capital Markets lifted their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Wall Street Zen cut shares of S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Mizuho started coverage on shares of S&P Global in a report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price target for the company. UBS Group boosted their price target on shares of S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Finally, Morgan Stanley boosted their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, S&P Global has a consensus rating of "Moderate Buy" and a consensus target price of $592.71.

S&P Global Stock Up 0.7%

Shares of NYSE:SPGI traded up $3.82 during trading on Friday, hitting $519.58. 624,281 shares of the company were exchanged, compared to its average volume of 1,221,082. The stock has a market capitalization of $159.36 billion, a P/E ratio of 42.07, a PEG ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a 12-month low of $425.49 and a 12-month high of $545.39. The firm's 50 day moving average price is $492.79 and its 200-day moving average price is $504.25.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The company's revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.01 EPS. On average, research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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