Goldstein Advisors LLC Sells 50 Shares of S&P Global Inc. (NYSE:SPGI)

Goldstein Advisors LLC lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 7.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 591 shares of the business services provider’s stock after selling 50 shares during the quarter. Goldstein Advisors LLC’s holdings in S&P Global were worth $300,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Wealthfront Advisers LLC raised its holdings in S&P Global by 19.1% during 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 during the period. Graham Capital Management L.P. purchased a new stake in S&P Global in the fourth quarter worth $14,040,000. Freestone Capital Holdings LLC increased 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 worth $5,727,000 after purchasing an additional 49 shares during the period. Asahi Life Asset Management CO. LTD. increased its stake in S&P Global by 85.9% in the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 1,288 shares of the business services provider’s stock worth $641,000 after purchasing an additional 595 shares during the period. Finally, Coalescence Partners Investment Management LP increased its stake in S&P Global by 62.7% in the fourth quarter. Coalescence Partners Investment Management LP now owns 30,089 shares of the business services provider’s stock worth $14,985,000 after purchasing an additional 11,599 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of SPGI stock opened at $521.29 on Thursday. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $545.39. The stock’s 50-day moving average is $504.21 and its 200 day moving average is $503.51. The company has a market cap of $159.88 billion, a P/E ratio of 40.95, a PEG ratio of 2.55 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90.

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 for the quarter, beating analysts’ consensus estimates of $4.23 by $0.14. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $4.01 earnings per share. Research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.74%. S&P Global’s dividend payout ratio is presently 30.16%.

Analysts Set New Price Targets

A number of analysts have weighed in on SPGI shares. Argus upgraded S&P Global to a “strong-buy” rating in a research note on Friday, May 16th. Bank of America began coverage on S&P Global in a research report on Thursday, April 10th. They set a “buy” rating and a $600.00 price target on the stock. Stifel Nicolaus dropped their price target on S&P Global from $629.00 to $603.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Robert W. Baird dropped their price target on S&P Global from $616.00 to $589.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Finally, Mizuho began coverage on S&P Global in a research report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price target on the stock. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $592.71.

Insiders Place Their Bets

In other S&P Global news, EVP Sally Moore sold 500 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total value 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 approximately $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 can be accessed through the SEC website. 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.