Yousif Capital Management LLC Decreases Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Yousif Capital Management LLC decreased its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 4.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,800 shares of the business services provider's stock after selling 2,348 shares during the period. Yousif Capital Management LLC's holdings in S&P Global were worth $28,860,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its position in S&P Global by 2.0% during 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 during the period. Personal CFO Solutions LLC boosted its stake in 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 acquiring an additional 20 shares during the last quarter. Anfield Capital Management LLC grew its position in shares of S&P Global by 25.6% during the 4th quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock valued at $54,000 after acquiring an additional 22 shares during the period. Invenio Wealth Partners LLC raised its holdings in shares of S&P Global by 4.0% in the 4th 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 grew its holdings in 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 period. Institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

Shares of S&P Global stock traded down $4.84 during trading on Friday, hitting $501.03. 1,343,042 shares of the stock traded hands, compared to its average volume of 1,223,684. The stock has a market cap of $153.67 billion, a price-to-earnings ratio of 40.57, a PEG ratio of 2.41 and a beta of 1.20. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $545.39. The firm's fifty day moving average is $495.92 and its 200-day moving average is $504.24.

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, beating the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. S&P Global's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $4.01 EPS. Research analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Wednesday, May 28th. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

Wall Street Analyst Weigh In

SPGI has been the subject of several research reports. JPMorgan Chase & Co. cut their price target on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Wells Fargo & Company boosted their price target on shares of S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. UBS Group lifted their price objective on shares of S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Stifel Nicolaus reduced their price target on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Finally, Argus upgraded S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $592.71.

Insider Transactions at S&P Global

In related news, EVP Sally Moore sold 500 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the transaction, 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 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.

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.