E. Ohman J or Asset Management AB Sells 834 Shares of S&P Global Inc. (NYSE:SPGI)

E. Ohman J or Asset Management AB decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 5.7% in the first quarter, Holdings Channel.com reports. The firm owned 13,786 shares of the business services provider’s stock after selling 834 shares during the period. E. Ohman J or Asset Management AB’s holdings in S&P Global were worth $7,005,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SPGI. Minot DeBlois Advisors LLC purchased a new stake in shares of S&P Global during the fourth quarter valued at approximately $25,000. Anderson Financial Strategies LLC purchased a new stake in shares of S&P Global during the fourth quarter valued at approximately $27,000. Human Investing LLC purchased a new stake in shares of S&P Global during the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC purchased a new stake in shares of S&P Global during the fourth quarter valued at approximately $31,000. Finally, Hazlett Burt & Watson Inc. grew its holdings in shares of 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 valued at $32,000 after buying an additional 38 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.3%

Shares of S&P Global stock opened at $515.46 on Friday. The company’s fifty day simple moving average is $492.61 and its 200-day simple moving average is $504.13. The stock has a market capitalization of $158.09 billion, a PE ratio of 41.74, a P/E/G ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a 1-year low of $425.49 and a 1-year high of $545.39. 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 (NYSE:SPGI) last issued 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 net margin of 27.12% and a return on equity of 14.33%. The business had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter last year, the company posted $4.01 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. As a group, equities analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Wednesday, May 28th. S&P Global’s dividend payout ratio (DPR) is 30.16%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of recent analyst reports. Evercore ISI increased their price target on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. cut their price target on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. BMO Capital Markets increased their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Robert W. Baird dropped their target price 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. Finally, Wells Fargo & Company raised their target price on shares of S&P Global from $607.00 to $627.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $592.71.

Insider Activity at S&P Global

In related news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction 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 transaction, the executive vice president now owns 5,131 shares in the company, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by corporate insiders.

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.