Red Spruce Capital LLC Sells 120 Shares of S&P Global Inc. (NYSE:SPGI)

Red Spruce Capital LLC reduced its position in S&P Global Inc. (NYSE:SPGI) by 7.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,466 shares of the business services provider’s stock after selling 120 shares during the quarter. Red Spruce Capital LLC’s holdings in S&P Global were worth $745,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SPGI. Parkside Financial Bank & Trust boosted its holdings in S&P Global by 2.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock valued at $515,000 after acquiring an additional 20 shares during the period. Personal CFO Solutions LLC increased its stake in S&P Global by 3.1% in the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider’s stock worth $336,000 after purchasing an additional 20 shares during the period. Anfield Capital Management LLC lifted its position in shares of S&P Global by 25.6% during the fourth quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider’s stock worth $54,000 after purchasing an additional 22 shares during the last quarter. Invenio Wealth Partners LLC boosted its stake in shares of S&P Global by 4.0% during the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider’s stock valued at $286,000 after purchasing an additional 22 shares during the period. Finally, Retirement Planning Group LLC boosted its stake in shares of S&P Global by 0.4% during the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider’s stock valued at $2,870,000 after purchasing an additional 22 shares during the period. Institutional investors 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 stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total value 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 approximately $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

S&P Global Trading Up 0.5%

SPGI opened at $513.84 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm has a market cap of $157.59 billion, a price-to-earnings ratio of 41.61, a PEG ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a 12 month low of $419.49 and a 12 month high of $545.39. The stock has a fifty day moving average price of $492.07 and a 200-day moving average price of $503.86.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.01 earnings per share. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $3.84 annualized dividend and a yield of 0.75%. S&P Global’s dividend payout ratio (DPR) is 30.16%.

Wall Street Analyst Weigh In

Several research analysts recently commented on SPGI shares. UBS Group raised their price target on shares of S&P Global from $555.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Mizuho assumed coverage on shares of S&P Global in a research report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price on the stock. Wall Street Zen downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. lowered their price target on S&P Global from $618.00 to $565.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Finally, Stifel Nicolaus reduced their price objective on S&P Global from $629.00 to $603.00 and set a “buy” rating on the stock in a 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $592.71.

S&P Global 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.