S&P Global Inc. (NYSE:SPGI) Shares Bought by Byrne Asset Management LLC

Byrne Asset Management LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 5,350.0% in the first quarter, HoldingsChannel reports. The firm owned 654 shares of the business services provider’s stock after buying an additional 642 shares during the period. Byrne Asset Management LLC’s holdings in S&P Global were worth $332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC purchased a new position in S&P Global in the fourth quarter valued at $25,000. Anderson Financial Strategies LLC purchased a new position in S&P Global in the fourth quarter valued at $27,000. Human Investing LLC purchased a new position in S&P Global in the fourth quarter valued at $30,000. Noble Wealth Management PBC purchased a new position in S&P Global in the fourth quarter valued at $31,000. Finally, Hazlett Burt & Watson Inc. increased its holdings in S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock valued at $32,000 after buying an additional 38 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Sally Moore sold 500 shares of the stock in a transaction that occurred on 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 $2,619,016.33. This represents a 8.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.10% of the company’s stock.

S&P Global Stock Down 1.0%

Shares of NYSE SPGI opened at $501.03 on Friday. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $545.39. The stock has a market cap of $153.67 billion, a PE ratio of 40.57, 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. The company has a 50-day moving average of $497.12 and a 200 day moving average of $504.09.

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, beating the consensus estimate 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 company had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the prior year, the company earned $4.01 EPS. S&P Global’s revenue was up 8.2% compared to the same quarter last year. As a group, sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were paid a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $3.84 annualized dividend and a yield of 0.77%. S&P Global’s dividend payout ratio is presently 30.16%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SPGI shares. JPMorgan Chase & Co. cut their price objective on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Argus raised shares of S&P Global to a “strong-buy” rating in a research note on Friday, May 16th. UBS Group boosted their target price on shares of S&P Global from $555.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Mizuho began coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price for the company. Finally, Bank of America began coverage on shares of S&P Global in a research note 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 given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.