S&P Global Inc. (NYSE:SPGI) Shares Acquired by Cornell Pochily Investment Advisors Inc.

Cornell Pochily Investment Advisors Inc. boosted its position in S&P Global Inc. (NYSE:SPGI) by 6.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,142 shares of the business services provider’s stock after purchasing an additional 65 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in S&P Global were worth $580,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPGI. Brighton Jones LLC boosted its stake in S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after purchasing an additional 143 shares during the period. Union Bancaire Privee UBP SA acquired a new position in S&P Global during the 4th quarter valued at about $144,091,000. Avidian Wealth Enterprises LLC boosted its stake in S&P Global by 16.1% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 477 shares of the business services provider’s stock valued at $238,000 after purchasing an additional 66 shares during the period. Van ECK Associates Corp boosted its stake in S&P Global by 3.3% during the 4th quarter. Van ECK Associates Corp now owns 8,020 shares of the business services provider’s stock valued at $3,994,000 after purchasing an additional 256 shares during the period. Finally, Valeo Financial Advisors LLC boosted its stake in S&P Global by 1.8% during the 4th quarter. Valeo Financial Advisors LLC now owns 4,444 shares of the business services provider’s stock valued at $2,213,000 after purchasing an additional 79 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Sally Moore sold 500 shares of the business’s stock in a transaction that occurred on 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 owns 5,131 shares in the company, valued at $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

S&P Global Stock Down 1.0%

NYSE SPGI opened at $501.03 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The company’s 50 day simple moving average is $497.12 and its 200 day simple moving average is $503.96. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $545.39. The company has a market capitalization of $153.67 billion, a P/E ratio of 40.57, a PEG ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released 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 the consensus estimate of $3.72 billion. During the same period in the previous year, the firm earned $4.01 EPS. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. 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 company also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th were issued a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.77%. S&P Global’s dividend payout ratio is currently 30.16%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SPGI. UBS Group boosted their target price on shares of S&P Global from $555.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Wells Fargo & Company boosted their price target on shares of S&P Global from $607.00 to $627.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 30th. Wall Street Zen downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Stifel Nicolaus dropped 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 research report on Wednesday, April 30th. Finally, Robert W. Baird dropped 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 research report on Wednesday, April 30th. Two equities research 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $592.71.

S&P Global Company 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.