WD Rutherford LLC Acquires 761 Shares of S&P Global Inc. (NYSE:SPGI)

WD Rutherford LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 13.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,326 shares of the business services provider's stock after acquiring an additional 761 shares during the quarter. WD Rutherford LLC's holdings in S&P Global were worth $2,978,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Minot DeBlois Advisors LLC acquired a new position in shares of S&P Global during the fourth quarter worth $25,000. Anderson Financial Strategies LLC bought a new position in S&P Global during the 4th quarter worth $27,000. Human Investing LLC bought a new position in S&P Global during the 4th quarter worth $30,000. Noble Wealth Management PBC acquired a new position in S&P Global during the 4th quarter worth about $31,000. Finally, Hazlett Burt & Watson Inc. grew its position in shares of S&P Global by 131.0% in the 4th 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 during the last quarter. Institutional investors own 87.17% of the company's stock.

Insider Activity at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the company'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 directly 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 document filed with the SEC, which is accessible through the SEC website. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SPGI. Argus upgraded S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. decreased their target price on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Mizuho initiated coverage on shares of S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price target on the stock. Stifel Nicolaus reduced 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 note on Wednesday, April 30th. Finally, UBS Group lifted their target price on shares of S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, S&P Global presently has a consensus rating of "Moderate Buy" and an average price target of $592.71.

S&P Global Stock Up 0.6%

SPGI traded up $2.78 during trading on Wednesday, hitting $503.85. 170,562 shares of the company's stock were exchanged, compared to its average volume of 1,222,297. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $545.39. The stock has a market cap of $154.53 billion, a P/E ratio of 39.59, a PEG ratio of 2.46 and a beta of 1.20. The business's 50 day moving average is $498.92 and its two-hundred day moving average is $503.69. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.23 by $0.14. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the firm posted $4.01 earnings per share. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, equities analysts expect 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 announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th were issued a $0.96 dividend. 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 0.76%. S&P Global's dividend payout ratio is presently 30.16%.

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.