S&P Global Inc. (NYSE:SPGI) Stock Holdings Decreased by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc decreased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 44.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 6,250 shares of the business services provider’s stock after selling 4,968 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in S&P Global were worth $3,176,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SPGI. NBC Securities Inc. boosted its holdings in S&P Global by 129,650.0% in the first quarter. NBC Securities Inc. now owns 2,595 shares of the business services provider’s stock worth $1,318,000 after purchasing an additional 2,593 shares during the period. Fiduciary Alliance LLC lifted its position in shares of S&P Global by 37.9% in the 1st quarter. Fiduciary Alliance LLC now owns 1,085 shares of the business services provider’s stock worth $551,000 after buying an additional 298 shares during the last quarter. Addenda Capital Inc. lifted its position in shares of S&P Global by 30.4% in the 1st quarter. Addenda Capital Inc. now owns 17,019 shares of the business services provider’s stock worth $8,647,000 after buying an additional 3,970 shares during the last quarter. Czech National Bank boosted its holdings in shares of S&P Global by 5.1% in the 1st quarter. Czech National Bank now owns 72,350 shares of the business services provider’s stock valued at $36,761,000 after buying an additional 3,509 shares during the period. Finally, Rhumbline Advisers grew its position in shares of S&P Global by 1.0% during the 1st quarter. Rhumbline Advisers now owns 597,469 shares of the business services provider’s stock valued at $303,574,000 after buying an additional 6,194 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI opened at $512.68 on Monday. The firm has a market capitalization of $157.24 billion, a PE ratio of 41.51, a P/E/G ratio of 2.41 and a beta of 1.23. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $492.04 and a 200 day moving average price of $503.84. S&P Global Inc. has a 52-week low of $424.82 and a 52-week high of $545.39.

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 analysts’ consensus estimates 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 company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the business posted $4.01 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, sell-side 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 declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders 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 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%.

Insider Activity

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 value of $255,215.00. Following the completion of the sale, the executive vice president now directly owns 5,131 shares of the company’s stock, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SPGI shares. Wall Street Zen cut shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Evercore ISI raised their price target on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Wells Fargo & Company boosted their price objective on S&P Global from $607.00 to $627.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. Bank of America initiated coverage on S&P Global in a research report on Thursday, April 10th. They issued a “buy” rating and a $600.00 target price on the stock. Finally, UBS Group raised their target price on S&P Global from $555.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Two equities research 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 company. According to data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $592.71.

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.