S&P Global Inc. (NYSE:SPGI) Shares Purchased by Braun Bostich & Associates Inc.

Braun Bostich & Associates Inc. raised its holdings in S&P Global Inc. (NYSE:SPGI) by 9.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 491 shares of the business services provider’s stock after acquiring an additional 44 shares during the quarter. Braun Bostich & Associates Inc.’s holdings in S&P Global were worth $249,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in SPGI. Parkside Financial Bank & Trust lifted its position in shares of S&P Global by 2.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock valued at $515,000 after acquiring an additional 20 shares during the last quarter. Personal CFO Solutions LLC lifted its stake in S&P Global by 3.1% during the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider’s stock valued at $336,000 after buying an additional 20 shares in the last quarter. Anfield Capital Management LLC lifted its stake in S&P Global by 25.6% during the fourth quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider’s stock valued at $54,000 after buying an additional 22 shares in the last quarter. Invenio Wealth Partners LLC boosted its holdings in shares of S&P Global by 4.0% in the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider’s stock worth $286,000 after buying an additional 22 shares during the period. Finally, Retirement Planning Group LLC increased its position in shares of S&P Global by 0.4% in the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider’s stock worth $2,870,000 after acquiring an additional 22 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 0.0%

Shares of SPGI opened at $513.89 on Thursday. The stock has a 50 day simple moving average of $494.55 and a 200-day simple moving average of $504.34. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a market cap of $157.61 billion, a PE ratio of 41.61, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $545.39.

S&P Global (NYSE:SPGI) last announced its earnings results 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. 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 analysts’ expectations of $3.72 billion. During the same quarter last year, the company posted $4.01 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Wednesday, May 28th. S&P Global’s payout ratio is 30.16%.

Insiders Place Their Bets

In other 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 completion of the transaction, 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 Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SPGI. UBS Group raised their target price on S&P Global from $555.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Evercore ISI boosted their target price on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Wall Street Zen downgraded S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Wells Fargo & Company lifted their price target on S&P Global from $607.00 to $627.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Finally, Argus upgraded S&P Global to a “strong-buy” rating in a report on Friday, May 16th. Two investment 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $592.71.

S&P Global 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.