Linden Thomas Advisory Services LLC Buys 536 Shares of S&P Global Inc. (NYSE:SPGI)

Linden Thomas Advisory Services LLC lifted its position in S&P Global Inc. (NYSE:SPGI) by 5.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,850 shares of the business services provider’s stock after buying an additional 536 shares during the period. S&P Global makes up about 0.7% of Linden Thomas Advisory Services LLC’s investment portfolio, making the stock its 12th biggest position. Linden Thomas Advisory Services LLC’s holdings in S&P Global were worth $5,513,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC bought a new stake in S&P Global during the fourth quarter worth approximately $25,000. Anderson Financial Strategies LLC purchased a new stake in shares of S&P Global during the 4th quarter valued at $27,000. Smallwood Wealth Investment Management LLC purchased a new stake in S&P Global in the first quarter valued at approximately $28,000. Hazlett Burt & Watson Inc. grew its position in shares of S&P Global by 131.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 38 shares during the period. Finally, Alpine Bank Wealth Management acquired a new stake in S&P Global in the 1st quarter worth about $33,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at S&P Global

In other news, EVP Sally Moore sold 500 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president owned 5,131 shares in the company, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SPGI. Mizuho initiated coverage on S&P Global in a research note on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price on the stock. JPMorgan Chase & Co. reduced their price objective on S&P Global from $618.00 to $565.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Robert W. Baird dropped their price objective on S&P Global from $616.00 to $589.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company raised their target price on S&P Global from $627.00 to $632.00 and gave the company an “overweight” rating in a research note on Thursday, July 3rd. Finally, Morgan Stanley lifted their target price on S&P Global from $587.00 to $595.00 and gave the company an “overweight” rating in a research note on Monday. Two 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $596.79.

S&P Global Stock Down 0.7%

Shares of S&P Global stock opened at $526.31 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90. The company has a 50-day simple moving average of $514.05 and a two-hundred day simple moving average of $504.94. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $545.39. The stock has a market capitalization of $161.42 billion, a PE ratio of 41.34, a price-to-earnings-growth ratio of 2.58 and a beta of 1.19.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.23 by $0.14. The firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.01 EPS. On average, analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.73%. The ex-dividend date is Tuesday, August 26th. S&P Global’s payout ratio is currently 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.