Zevin Asset Management LLC Makes New Investment in S&P Global Inc. (NYSE:SPGI)

Zevin Asset Management LLC purchased a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,550 shares of the business services provider's stock, valued at approximately $7,901,000.

Several other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in S&P Global in the 4th quarter worth approximately $1,725,084,000. GAMMA Investing LLC lifted its position in S&P Global by 60,982.3% in the 1st quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock worth $1,086,877,000 after buying an additional 2,135,599 shares in the last quarter. Northern Trust Corp lifted its position in S&P Global by 19.1% in the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after buying an additional 525,347 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in S&P Global in the 4th quarter worth approximately $238,503,000. Finally, BlueSpruce Investments LP purchased a new stake in S&P Global in the 4th quarter worth approximately $178,858,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

Insider Transactions at S&P Global

In related news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the transaction, the executive vice president directly owned 5,131 shares of the company's stock, valued at $2,619,016.33. This trade represents a 8.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SPGI. JPMorgan Chase & Co. increased their target price on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research report on Monday. Wells Fargo & Company raised their price target on shares of S&P Global from $627.00 to $632.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Stifel Nicolaus cut their price target 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. UBS Group raised their price target on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Finally, Oppenheimer raised their price target on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $601.07.

S&P Global Price Performance

Shares of S&P Global stock traded up $4.13 during trading on Friday, hitting $534.98. 788,259 shares of the company's stock traded hands, compared to its average volume of 1,285,473. 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's fifty day moving average price is $518.23 and its 200 day moving average price is $507.07. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $545.39. The company has a market cap of $164.08 billion, a PE ratio of 42.03, a PEG ratio of 2.53 and a beta of 1.19.

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 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the firm posted $4.01 EPS. The firm's quarterly revenue was up 8.2% on a year-over-year basis. Analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.72%. The ex-dividend date is Tuesday, August 26th. S&P Global's dividend payout ratio is currently 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.