400 Shares in S&P Global Inc. (NYSE:SPGI) Bought by Cadinha & Co. LLC

Cadinha & Co. LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 400 shares of the business services provider’s stock, valued at approximately $203,000.

Several other hedge funds have also added to or reduced their stakes in SPGI. Minot DeBlois Advisors LLC acquired a new stake in S&P Global during the 4th quarter worth $25,000. Anderson Financial Strategies LLC acquired a new stake in S&P Global during the 4th quarter worth $27,000. Human Investing LLC acquired a new stake in S&P Global during the 4th quarter worth $30,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global in the 4th quarter valued at about $31,000. Finally, Hazlett Burt & Watson Inc. raised its stake 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 and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Up 0.5%

S&P Global stock opened at $513.84 on Friday. S&P Global Inc. has a 52 week low of $419.49 and a 52 week 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 $157.59 billion, a P/E ratio of 41.61, a PEG ratio of 2.41 and a beta of 1.23. The stock has a 50-day simple moving average of $492.07 and a 200 day simple moving average of $503.86.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates 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 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 earnings per share. S&P Global’s quarterly revenue was up 8.2% on a year-over-year basis. Analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The firm 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. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global’s payout ratio is currently 30.16%.

Analyst Ratings Changes

Several analysts have issued reports on SPGI shares. Stifel Nicolaus dropped their price target on S&P Global from $629.00 to $603.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Argus raised S&P Global to a “strong-buy” rating in a research note on Friday, May 16th. Morgan Stanley lifted their price target on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. dropped their price target on S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Finally, Mizuho started coverage on S&P Global in a research note on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price target on the stock. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $592.71.

Insider Buying and Selling

In other S&P Global news, EVP Sally Moore sold 500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, 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 legal filing with the SEC, which is available at this hyperlink. 0.10% of the stock is currently 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.