Revolve Wealth Partners LLC Grows Stock Position in S&P Global Inc. (NYSE:SPGI)

Revolve Wealth Partners LLC lifted its stake in S&P Global Inc. (NYSE:SPGI) by 8.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 496 shares of the business services provider’s stock after buying an additional 39 shares during the period. Revolve Wealth Partners LLC’s holdings in S&P Global were worth $252,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Minot DeBlois Advisors LLC purchased a new position in shares of S&P Global in the fourth quarter worth about $25,000. Anderson Financial Strategies LLC purchased a new position in S&P Global during the 4th quarter valued at about $27,000. Human Investing LLC purchased a new position in S&P Global during the 4th quarter valued at about $30,000. Noble Wealth Management PBC purchased a new position in S&P Global during the 4th quarter valued at about $31,000. Finally, Hazlett Burt & Watson Inc. increased 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 purchasing an additional 38 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.7%

SPGI stock opened at $519.58 on Monday. S&P Global Inc. has a fifty-two week low of $425.49 and a fifty-two week high of $545.39. The business’s 50 day moving average price is $492.79 and its two-hundred day moving average price is $504.20. 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 company has a market capitalization of $159.36 billion, a price-to-earnings ratio of 42.07, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued 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 firm had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the previous year, the firm posted $4.01 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be given a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global’s dividend payout ratio is currently 30.16%.

Insider Transactions at S&P Global

In other news, EVP Sally Moore sold 500 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 5,131 shares of the company’s stock, valued at $2,619,016.33. The trade was a 8.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SPGI. JPMorgan Chase & Co. reduced their price target on S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Mizuho began coverage on S&P Global in a report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price target on the stock. 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 report on Wednesday, February 12th. Wells Fargo & Company boosted their price target on S&P Global from $607.00 to $627.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Finally, Bank of America began coverage on S&P Global in a report on Thursday, April 10th. They set a “buy” rating and a $600.00 price target on the stock. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, S&P Global presently has a consensus 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.