S&P Global Inc. (NYSE:SPGI) Shares Acquired by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 0.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,083 shares of the business services provider’s stock after acquiring an additional 59 shares during the quarter. S&P Global accounts for 0.9% of Pittenger & Anderson Inc.’s holdings, making the stock its 25th biggest position. Pittenger & Anderson Inc.’s holdings in S&P Global were worth $25,447,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Westmount Partners LLC increased its stake in shares of S&P Global by 2.5% in the first quarter. Westmount Partners LLC now owns 2,462 shares of the business services provider’s stock worth $1,251,000 after acquiring an additional 60 shares during the period. Fulton Breakefield Broenniman LLC increased its stake in shares of S&P Global by 4,680.3% in the first quarter. Fulton Breakefield Broenniman LLC now owns 25,240 shares of the business services provider’s stock worth $12,824,000 after acquiring an additional 24,712 shares during the period. Stephens Inc. AR increased its stake in shares of S&P Global by 2.5% in the first quarter. Stephens Inc. AR now owns 11,132 shares of the business services provider’s stock worth $5,656,000 after acquiring an additional 269 shares during the period. Platform Technology Partners boosted its holdings in S&P Global by 2.3% during the first quarter. Platform Technology Partners now owns 3,591 shares of the business services provider’s stock worth $1,825,000 after buying an additional 82 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in S&P Global by 6.3% during the first quarter. Arizona State Retirement System now owns 98,568 shares of the business services provider’s stock worth $50,082,000 after buying an additional 5,816 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Stifel Nicolaus lowered their price target on shares of S&P Global from $629.00 to $603.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Wells Fargo & Company increased their price target on shares of S&P Global from $627.00 to $632.00 and gave the stock an “overweight” rating in a report on Thursday, July 3rd. Morgan Stanley increased their price target on shares of S&P Global from $587.00 to $595.00 and gave the stock an “overweight” rating in a report on Monday, July 7th. Finally, Robert W. Baird lowered their price target on shares of S&P Global from $616.00 to $589.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $596.79.

S&P Global Stock Performance

SPGI opened at $527.05 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The company has a market cap of $161.65 billion, a price-to-earnings ratio of 41.40, a PEG ratio of 2.56 and a beta of 1.19. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $545.39. The firm’s fifty day simple moving average is $515.64 and its two-hundred day simple moving average is $505.48.

S&P Global (NYSE:SPGI) last issued 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 business 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 27.27% and a return on equity of 14.68%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $4.01 earnings per share. Equities analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global’s dividend payout ratio (DPR) is 30.16%.

Insider Activity at S&P Global

In other news, EVP Sally Moore sold 500 shares of the 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 directly owned 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by company insiders.

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.