Parallel Advisors LLC Purchases 227 Shares of S&P Global Inc. (NYSE:SPGI)

Parallel Advisors LLC grew its position in S&P Global Inc. (NYSE:SPGI) by 4.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,758 shares of the business services provider’s stock after acquiring an additional 227 shares during the quarter. Parallel Advisors LLC’s holdings in S&P Global were worth $2,926,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Minot DeBlois Advisors LLC purchased a new stake in S&P Global in the fourth quarter worth $25,000. Anderson Financial Strategies LLC bought a new position in shares of S&P Global in the fourth quarter worth about $27,000. Human Investing LLC purchased a new position in S&P Global in the 4th quarter worth about $30,000. Noble Wealth Management PBC purchased a new position in S&P Global in the 4th quarter worth about $31,000. Finally, Hazlett Burt & Watson Inc. lifted its holdings 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 in the last quarter. Institutional investors own 87.17% of the company’s stock.

Insider Transactions at S&P Global

In other 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 owns 5,131 shares in the company, valued at $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

S&P Global Stock Performance

SPGI stock opened at $512.68 on Friday. S&P Global Inc. has a one year low of $419.49 and a one year high of $545.39. The firm has a market cap of $157.24 billion, a price-to-earnings ratio of 41.51, a PEG ratio of 2.41 and a beta of 1.23. 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 firm has a 50-day simple moving average of $492.04 and a two-hundred day simple moving average of $503.93.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.23 by $0.14. The company 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%. S&P Global’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.01 earnings per share. On average, equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders 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 dividend yield of 0.75%. S&P Global’s dividend payout ratio is presently 30.16%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SPGI shares. Bank of America initiated coverage on shares of S&P Global in a research note on Thursday, April 10th. They issued a “buy” rating and a $600.00 target price on the stock. Wall Street Zen downgraded S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. BMO Capital Markets upped their target price on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Robert W. Baird cut their price target on S&P Global from $616.00 to $589.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Finally, Argus upgraded S&P Global to a “strong-buy” rating in a report on Friday, May 16th. Two research 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $592.71.

S&P Global Company 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.