Capital Market Strategies LLC Has $293,000 Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Capital Market Strategies LLC trimmed its holdings in S&P Global Inc. (NYSE:SPGI) by 5.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 577 shares of the business services provider’s stock after selling 35 shares during the quarter. Capital Market Strategies LLC’s holdings in S&P Global were worth $293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealthfront Advisers LLC increased its position in S&P Global by 19.1% in the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider’s stock valued at $18,799,000 after buying an additional 6,051 shares in the last quarter. Graham Capital Management L.P. bought a new position in shares of S&P Global in the fourth quarter valued at approximately $14,040,000. Synergy Asset Management LLC grew its holdings in shares of S&P Global by 110.8% in the fourth quarter. Synergy Asset Management LLC now owns 23,868 shares of the business services provider’s stock valued at $12,066,000 after acquiring an additional 12,547 shares in the last quarter. Freestone Capital Holdings LLC lifted its stake in S&P Global by 0.4% in the fourth quarter. Freestone Capital Holdings LLC now owns 11,499 shares of the business services provider’s stock valued at $5,727,000 after purchasing an additional 49 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in S&P Global by 0.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 153,466 shares of the business services provider’s stock valued at $77,009,000 after purchasing an additional 1,432 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on SPGI. BMO Capital Markets upped their price objective on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Mizuho initiated coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price target on the stock. Wall Street Zen cut S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Stifel Nicolaus reduced their price objective on S&P Global from $629.00 to $603.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Finally, Bank of America began coverage on S&P Global in a research note on Thursday, April 10th. They set a “buy” rating and a $600.00 price objective on the stock. 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $592.71.

S&P Global Stock Performance

Shares of SPGI opened at $513.84 on Friday. 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 Inc. has a one year low of $419.49 and a one year high of $545.39. The company has a 50-day simple moving average of $492.07 and a two-hundred day simple moving average of $503.86. The firm has a market capitalization of $157.59 billion, a PE ratio of 41.61, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.23 by $0.14. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the business posted $4.01 earnings per share. S&P Global’s quarterly revenue was up 8.2% compared to the same quarter last year. 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be issued a dividend of $0.96 per share. The ex-dividend date is Wednesday, May 28th. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. S&P Global’s payout ratio is 30.16%.

Insider Activity at S&P Global

In related news, EVP Sally Moore sold 500 shares of the firm’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 now owns 5,131 shares of the company’s stock, valued at $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is owned by insiders.

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.