Tealwood Asset Management Inc. Decreases Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Tealwood Asset Management Inc. reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,488 shares of the business services provider’s stock after selling 41 shares during the period. Tealwood Asset Management Inc.’s holdings in S&P Global were worth $1,772,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in S&P Global in the fourth quarter valued at $1,725,084,000. GAMMA Investing LLC lifted its position in S&P Global by 60,982.3% in the first quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider’s stock valued at $1,086,877,000 after acquiring an additional 2,135,599 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in S&P Global in the fourth quarter valued at $527,207,000. Proficio Capital Partners LLC lifted its position in S&P Global by 71,024.1% in the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock valued at $308,525,000 after acquiring an additional 618,620 shares during the last quarter. Finally, Northern Trust Corp lifted its position in S&P Global by 19.1% in the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider’s stock valued at $1,631,568,000 after acquiring an additional 525,347 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Evercore ISI increased their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Argus upgraded shares of S&P Global to a “strong-buy” rating in a research report on Friday, May 16th. 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. Finally, Mizuho assumed coverage on shares of S&P Global in a research report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price on the stock. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $592.71.

Insider Transactions at S&P Global

In other news, EVP Sally Moore sold 500 shares of the business’s 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 now owns 5,131 shares of the company’s stock, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

S&P Global Stock Performance

NYSE:SPGI opened at $519.58 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $159.36 billion, a price-to-earnings ratio of 42.07, a PEG ratio of 2.41 and a beta of 1.20. The firm’s fifty day simple moving average is $492.79 and its 200 day simple moving average is $504.25. S&P Global Inc. has a twelve month low of $425.49 and a twelve month high of $545.39.

S&P Global (NYSE:SPGI) last posted its 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 net margin of 27.12% and a return on equity of 14.33%. The business 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 company posted $4.01 earnings per share. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities research analysts expect 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, June 11th. Stockholders of record on Wednesday, May 28th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global’s 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.