Marshall Financial Group LLC Sells 42 Shares of S&P Global Inc. (NYSE:SPGI)

Marshall Financial Group LLC lessened its position in S&P Global Inc. (NYSE:SPGI) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,531 shares of the business services provider’s stock after selling 42 shares during the period. Marshall Financial Group LLC’s holdings in S&P Global were worth $1,286,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SPGI. Minot DeBlois Advisors LLC bought a new stake in shares of S&P Global in the 4th quarter valued at $25,000. Anderson Financial Strategies LLC bought a new stake in shares of S&P Global in the fourth quarter worth about $27,000. Human Investing LLC acquired a new stake in shares of S&P Global during the fourth quarter worth about $30,000. Noble Wealth Management PBC bought a new position in shares of S&P Global during the 4th quarter valued at about $31,000. Finally, Hazlett Burt & Watson Inc. grew its position in shares of S&P Global by 131.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 38 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $505.94 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50 day moving average price of $495.92 and a 200 day moving average price of $504.24. The stock has a market capitalization of $155.17 billion, a PE ratio of 40.97, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $545.39.

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 for the quarter, topping the consensus estimate of $4.23 by $0.14. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the firm earned $4.01 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. 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 company also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.76%. The ex-dividend date was Wednesday, May 28th. S&P Global’s dividend payout ratio (DPR) is currently 30.16%.

Insider Buying and Selling at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Stifel Nicolaus dropped their target price on shares of S&P Global from $629.00 to $603.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Robert W. Baird dropped their price objective on shares of S&P Global from $616.00 to $589.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. BMO Capital Markets boosted their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Mizuho started coverage on S&P Global in a report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price for the company. Finally, JPMorgan Chase & Co. cut their price target on S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $592.71.

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.