Spirepoint Private Client LLC Decreases Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Spirepoint Private Client LLC lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 30.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,873 shares of the business services provider’s stock after selling 801 shares during the period. Spirepoint Private Client LLC’s holdings in S&P Global were worth $952,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SPGI. Minot DeBlois Advisors LLC purchased a new position in shares of S&P Global in the 4th quarter valued at about $25,000. Anderson Financial Strategies LLC acquired a new position in S&P Global in the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC purchased a new position in S&P Global in the fourth quarter valued at approximately $31,000. Hazlett Burt & Watson Inc. raised its holdings in S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock worth $32,000 after purchasing an additional 38 shares in the last quarter. Finally, BankPlus Trust Department purchased a new stake in shares of S&P Global during the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 2.1%

S&P Global stock opened at $515.04 on Tuesday. The stock has a 50 day moving average of $502.03 and a two-hundred day moving average of $503.24. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $545.39. The stock has a market capitalization of $157.96 billion, a price-to-earnings ratio of 40.46, a PEG ratio of 2.46 and a beta of 1.20. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping 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 27.27% and a return on equity of 14.68%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $4.01 earnings per share. As a group, research analysts expect 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 disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Wednesday, May 28th. S&P Global’s dividend payout ratio (DPR) is 30.16%.

Insider Transactions at S&P Global

In other 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 transaction, the executive vice president now directly owns 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. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on SPGI shares. UBS Group lifted their price target 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. Wells Fargo & Company raised their price objective on S&P Global from $607.00 to $627.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. 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 target price on the stock. Robert W. Baird decreased their target price on S&P Global from $616.00 to $589.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Finally, Argus raised S&P Global to a “strong-buy” rating in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $592.71.

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.