S&P Global Inc. (NYSE:SPGI) Stock Position Reduced by Professional Advisory Services Inc.

Professional Advisory Services Inc. cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 3.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,754 shares of the business services provider’s stock after selling 936 shares during the period. S&P Global comprises approximately 2.0% of Professional Advisory Services Inc.’s holdings, making the stock its 28th largest position. Professional Advisory Services Inc.’s holdings in S&P Global were worth $14,102,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after acquiring an additional 143 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in S&P Global in the fourth quarter valued at approximately $144,091,000. Stratos Wealth Advisors LLC lifted its stake in S&P Global by 46.9% in the fourth quarter. Stratos Wealth Advisors LLC now owns 896 shares of the business services provider’s stock valued at $446,000 after acquiring an additional 286 shares during the last quarter. Consolidated Portfolio Review Corp lifted its stake in S&P Global by 5.7% in the fourth quarter. Consolidated Portfolio Review Corp now owns 774 shares of the business services provider’s stock valued at $385,000 after acquiring an additional 42 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in S&P Global in the fourth quarter valued at approximately $49,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SPGI shares. Stifel Nicolaus reduced their target price on shares of S&P Global from $629.00 to $603.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Evercore ISI boosted their price objective on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Bank of America began coverage on shares of S&P Global in a research note on Thursday, April 10th. They issued a “buy” rating and a $600.00 price objective for the company. UBS Group boosted their price objective 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. Finally, Robert W. Baird reduced their price objective on shares of S&P Global from $616.00 to $589.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Two research 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $592.71.

S&P Global Price Performance

NYSE:SPGI opened at $519.58 on Friday. The stock has a market cap of $159.36 billion, a P/E ratio of 42.07, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a one year low of $425.49 and a one year high of $545.39. The company has a fifty day moving average price of $492.79 and a 200 day moving average price of $504.25. 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 (NYSE:SPGI) last released its earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.23 by $0.14. The firm had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company earned $4.01 EPS. Analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global’s payout ratio is currently 30.16%.

Insider Activity at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the business’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 sale, the executive vice president now owns 5,131 shares of the company’s stock, valued at $2,619,016.33. The trade was a 8.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

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.