7,216 Shares in S&P Global Inc. (NYSE:SPGI) Acquired by Tounjian Advisory Partners LLC

Tounjian Advisory Partners LLC bought a new position in shares of S&P Global Inc. (NYSE:SPGI) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 7,216 shares of the business services provider’s stock, valued at approximately $3,666,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its stake in shares of S&P Global by 2.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock valued at $515,000 after purchasing an additional 20 shares during the last quarter. Personal CFO Solutions LLC boosted its position in S&P Global by 3.1% during the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider’s stock valued at $336,000 after acquiring an additional 20 shares during the last quarter. Anfield Capital Management LLC boosted its position in 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 valued at $54,000 after acquiring an additional 22 shares during the last quarter. Invenio Wealth Partners LLC grew its holdings in S&P Global by 4.0% during the 4th quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider’s stock worth $286,000 after acquiring an additional 22 shares during the period. Finally, Retirement Planning Group LLC raised its position in shares of S&P Global by 0.4% in the 4th quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider’s stock worth $2,870,000 after acquiring an additional 22 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

S&P Global stock opened at $519.58 on Monday. 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 stock has a market cap of $159.36 billion, a P/E ratio of 42.07, a P/E/G ratio of 2.41 and a beta of 1.20. The company’s 50 day moving average price is $492.79 and its two-hundred day moving average price is $504.20. S&P Global Inc. has a 52 week low of $425.49 and a 52 week high of $545.39.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the company earned $4.01 EPS. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities analysts predict that S&P Global Inc. will post 17.11 earnings per share 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. Stockholders of record on Wednesday, May 28th will be paid 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 0.74%. S&P Global’s payout ratio is 30.16%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Evercore ISI boosted their price target on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Stifel Nicolaus dropped their target price on shares of S&P Global from $629.00 to $603.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Morgan Stanley raised their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Mizuho began coverage on shares of S&P Global in a report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price objective on the stock. Finally, Argus upgraded S&P Global to a “strong-buy” rating in a research note on Friday, May 16th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $592.71.

Insider Activity at S&P Global

In other news, EVP Sally Moore sold 500 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now directly owns 5,131 shares of the company’s stock, valued at $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by company 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.