Wealthfront Advisers LLC Purchases 4,316 Shares of S&P Global Inc. (NYSE:SPGI)

Wealthfront Advisers LLC grew its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 12.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,336 shares of the business services provider's stock after buying an additional 4,316 shares during the period. Wealthfront Advisers LLC's holdings in S&P Global were worth $19,479,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Graham Capital Management L.P. acquired a new position in S&P Global during the fourth quarter worth $14,040,000. GAMMA Investing LLC raised its holdings in S&P Global by 20.2% during the first quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock worth $2,139,000 after buying an additional 708 shares during the last quarter. Wayfinding Financial LLC acquired a new position in S&P Global during the fourth quarter worth $300,000. Wealth Enhancement Advisory Services LLC raised its holdings in S&P Global by 1.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock worth $44,102,000 after buying an additional 1,166 shares during the last quarter. Finally, Alaethes Wealth LLC acquired a new position in S&P Global during the fourth quarter worth $2,029,000. 87.17% of the stock is currently owned by institutional investors.

Insider Activity at S&P Global

In other news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the sale, the executive vice president directly owned 5,131 shares in the company, valued at $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 is available at this hyperlink. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Bank of America initiated coverage on shares of S&P Global in a report on Thursday, April 10th. They set a "buy" rating and a $600.00 price objective on the stock. 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 report on Wednesday, April 30th. Argus upgraded S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Finally, UBS Group raised their price objective on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $596.79.

S&P Global Stock Performance

Shares of NYSE SPGI traded down $0.55 during mid-day trading on Friday, reaching $524.82. 789,727 shares of the company's stock were exchanged, compared to its average volume of 1,219,989. The firm has a market capitalization of $160.96 billion, a price-to-earnings ratio of 41.21, a price-to-earnings-growth ratio of 2.53 and a beta of 1.19. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a 50-day moving average price of $517.24 and a two-hundred day moving average price of $506.12.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping analysts' consensus estimates 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 14.68% and a net margin of 27.27%. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $4.01 EPS. Analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Tuesday, August 26th. S&P Global's payout ratio is 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.