S&P Global Inc. (NYSE:SPGI) Stake Raised by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 4.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,638 shares of the business services provider’s stock after buying an additional 231 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in S&P Global were worth $2,865,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SPGI. Ameliora Wealth Management Ltd. lifted its stake in shares of S&P Global by 4.5% in the 1st quarter. Ameliora Wealth Management Ltd. now owns 1,386 shares of the business services provider’s stock valued at $704,000 after purchasing an additional 60 shares during the last quarter. Simplicity Wealth LLC bought a new stake in S&P Global in the first quarter valued at about $324,000. GAMMA Investing LLC grew its stake in S&P Global by 20.2% during the first quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider’s stock worth $2,139,000 after buying an additional 708 shares during the last quarter. Trust Co. of Oklahoma grew its stake in shares of S&P Global by 1.8% during the first quarter. Trust Co. of Oklahoma now owns 2,894 shares of the business services provider’s stock valued at $1,470,000 after purchasing an additional 50 shares during the last quarter. Finally, Tounjian Advisory Partners LLC bought a new position in S&P Global in the first quarter valued at approximately $3,666,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Down 0.2%

Shares of NYSE SPGI opened at $514.11 on Wednesday. The company has a market cap of $157.68 billion, a PE ratio of 41.63, a P/E/G ratio of 2.41 and a beta of 1.20. The firm’s 50 day moving average price is $493.30 and its 200-day moving average price is $504.27. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

S&P Global (NYSE:SPGI) last announced 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 27.12% and a return on equity of 14.33%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $4.01 earnings per share. On average, equities research analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. S&P Global’s dividend payout ratio is currently 30.16%.

Analyst Ratings Changes

Several research firms have weighed in on SPGI. Morgan Stanley increased their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Stifel Nicolaus decreased their price objective on shares of S&P Global from $629.00 to $603.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Mizuho began coverage on shares of S&P Global in a research report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on S&P Global from $618.00 to $565.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Finally, BMO Capital Markets boosted their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average target price of $592.71.

Insider Activity

In other news, EVP Sally Moore sold 500 shares of the stock in a transaction 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 sale, the executive vice president now owns 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

About S&P Global

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.