S&P Global Inc. (NYSE:SPGI) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in S&P Global Inc. (NYSE:SPGI) by 7.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,393 shares of the business services provider’s stock after acquiring an additional 1,831 shares during the period. QRG Capital Management Inc.’s holdings in S&P Global were worth $12,902,000 at the end of the most recent reporting period.

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

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 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 directly owns 5,131 shares in the company, 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 filing with the SEC, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. UBS Group raised their target price on shares of S&P Global from $555.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Wall Street Zen cut shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Argus raised shares of S&P Global to a “strong-buy” rating in a research note on Friday, May 16th. Mizuho assumed coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price on the stock. Finally, Wells Fargo & Company raised their target price on shares of S&P Global from $607.00 to $627.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $592.71.

S&P Global Stock Performance

Shares of SPGI opened at $504.63 on Tuesday. The firm’s 50 day moving average is $498.39 and its 200-day moving average is $503.71. The stock has a market capitalization of $154.77 billion, a P/E ratio of 40.86, a P/E/G ratio of 2.41 and a beta of 1.20. 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 12-month low of $427.14 and a 12-month 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 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 company had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period last year, the company posted $4.01 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Wednesday, May 28th. S&P Global’s payout ratio is 30.16%.

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.