1,210 Shares in S&P Global Inc. (NYSE:SPGI) Acquired by Stokes Capital Advisors LLC

Stokes Capital Advisors LLC bought a new position in shares of S&P Global Inc. (NYSE:SPGI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,210 shares of the business services provider’s stock, valued at approximately $615,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Minot DeBlois Advisors LLC purchased a new stake in shares of S&P Global during the fourth quarter valued at approximately $25,000. Anderson Financial Strategies LLC acquired a new stake in S&P Global during the 4th quarter valued at $27,000. Human Investing LLC acquired a new stake in S&P Global during the 4th quarter valued at $30,000. Noble Wealth Management PBC acquired a new stake in S&P Global during the 4th quarter valued at $31,000. Finally, Hazlett Burt & Watson Inc. grew its position in shares of S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock worth $32,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 0.7%

Shares of S&P Global stock opened at $519.58 on Friday. The stock has a 50-day moving average price of $492.79 and a 200 day moving average price of $504.25. The company 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 has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 1 year low of $425.49 and a 1 year 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, topping the consensus estimate of $4.23 by $0.14. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $4.01 EPS. As a group, analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Morgan Stanley raised their price objective on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. cut their price objective on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Argus raised shares of S&P Global to a “strong-buy” rating in a report on Friday, May 16th. Wells Fargo & Company lifted their price objective on shares of S&P Global from $607.00 to $627.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 30th. Finally, Bank of America began coverage on shares of S&P Global in a report on Thursday, April 10th. They set a “buy” rating and a $600.00 target price for the company. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $592.71.

Insiders Place Their Bets

In other news, EVP Sally Moore sold 500 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president now 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 SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

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.