S&P Global Inc. (NYSE:SPGI) Shares Sold by Birch Capital Management LLC

Birch Capital Management LLC lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 1.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 14,524 shares of the business services provider’s stock after selling 186 shares during the period. S&P Global accounts for about 3.8% of Birch Capital Management LLC’s holdings, making the stock its 7th biggest position. Birch Capital Management LLC’s holdings in S&P Global were worth $7,380,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Minot DeBlois Advisors LLC acquired a new stake in shares of S&P Global in the 4th quarter valued at $25,000. Anderson Financial Strategies LLC acquired a new stake in shares of S&P Global in the 4th quarter valued at $27,000. Human Investing LLC acquired a new stake in shares of S&P Global in the 4th quarter valued at $30,000. Noble Wealth Management PBC acquired a new position in S&P Global during the 4th quarter worth $31,000. Finally, Hazlett Burt & Watson Inc. lifted its position 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 worth $32,000 after acquiring an additional 38 shares during the last quarter. Institutional investors and hedge funds 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 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on SPGI. Wall Street Zen lowered shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Bank of America began coverage on shares of S&P Global in a research report on Thursday, April 10th. They set a “buy” rating and a $600.00 target price for the company. Argus raised shares of S&P Global to a “strong-buy” rating in a research report on Friday, May 16th. UBS Group boosted their price objective on shares of S&P Global from $555.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Finally, Wells Fargo & Company boosted their price objective on shares of S&P Global from $607.00 to $627.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. Two equities 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $592.71.

S&P Global Stock Performance

NYSE:SPGI opened at $505.94 on Friday. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $545.39. 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 market capitalization of $155.17 billion, a PE ratio of 40.97, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The firm has a 50-day moving average price of $495.92 and a 200 day moving average price of $504.24.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.23 by $0.14. The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.01 earnings per share. 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 disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were paid a dividend of $0.96 per share. The ex-dividend date was Wednesday, May 28th. This represents a $3.84 annualized dividend and a yield of 0.76%. S&P Global’s dividend payout ratio is 30.16%.

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.