S&P Global Inc. (NYSE:SPGI) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 38.7% in the first quarter, Holdings Channel reports. The institutional investor owned 18,357 shares of the business services provider’s stock after acquiring an additional 5,125 shares during the quarter. Park Avenue Securities LLC’s holdings in S&P Global were worth $9,327,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. OLD National Bancorp IN increased its holdings in S&P Global by 1.6% in the 1st quarter. OLD National Bancorp IN now owns 3,224 shares of the business services provider’s stock valued at $1,638,000 after purchasing an additional 52 shares during the last quarter. SOA Wealth Advisors LLC. increased its holdings in S&P Global by 48,875.0% in the 1st quarter. SOA Wealth Advisors LLC. now owns 15,672 shares of the business services provider’s stock valued at $7,963,000 after purchasing an additional 15,640 shares during the last quarter. Barden Capital Management Inc. increased its holdings in S&P Global by 1.1% in the 1st quarter. Barden Capital Management Inc. now owns 3,538 shares of the business services provider’s stock valued at $1,798,000 after purchasing an additional 40 shares during the last quarter. Miracle Mile Advisors LLC increased its holdings in S&P Global by 2.9% in the 1st quarter. Miracle Mile Advisors LLC now owns 22,113 shares of the business services provider’s stock valued at $11,236,000 after purchasing an additional 617 shares during the last quarter. Finally, Revolve Wealth Partners LLC increased its holdings in S&P Global by 8.5% in the 1st quarter. Revolve Wealth Partners LLC now owns 496 shares of the business services provider’s stock valued at $252,000 after purchasing an additional 39 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the subject of several research reports. Wall Street Zen downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Argus upgraded shares of S&P Global to a “strong-buy” rating in a research note on Friday, May 16th. Morgan Stanley boosted their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. BMO Capital Markets lifted their price objective on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, UBS Group lifted their price objective on shares of S&P Global from $555.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $592.71.

Insider Buying and Selling

In other S&P Global news, EVP Sally Moore sold 500 shares of the company’s stock in a transaction dated 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 directly owns 5,131 shares in the company, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $519.58 on Friday. The company has a 50-day simple moving average of $492.79 and a 200-day simple moving average of $504.25. S&P Global Inc. has a one year low of $425.49 and a one year high of $545.39. 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 market capitalization of $159.36 billion, a price-to-earnings ratio of 42.07, a PEG ratio of 2.41 and a beta of 1.20.

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 27.12% and a return on equity of 14.33%. 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. On average, analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

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