S&P Global Inc. (NYSE:SPGI) Shares Bought by Childress Capital Advisors LLC

Childress Capital Advisors LLC lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 4.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 833 shares of the business services provider’s stock after purchasing an additional 35 shares during the period. Childress Capital Advisors LLC’s holdings in S&P Global were worth $423,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Heartland Bank & Trust Co purchased a new position in shares of S&P Global in the first quarter worth approximately $1,312,000. Brendel Financial Advisors LLC increased its position in shares of S&P Global by 0.7% in the first quarter. Brendel Financial Advisors LLC now owns 7,613 shares of the business services provider’s stock worth $3,868,000 after acquiring an additional 51 shares in the last quarter. Rappaport Reiches Capital Management LLC increased its position in shares of S&P Global by 41.4% in the first quarter. Rappaport Reiches Capital Management LLC now owns 615 shares of the business services provider’s stock worth $312,000 after acquiring an additional 180 shares in the last quarter. Praxis Investment Management Inc. increased its position in shares of S&P Global by 2.0% in the first quarter. Praxis Investment Management Inc. now owns 7,494 shares of the business services provider’s stock worth $3,808,000 after acquiring an additional 150 shares in the last quarter. Finally, GAM Holding AG increased its position in shares of S&P Global by 21.1% in the first quarter. GAM Holding AG now owns 6,162 shares of the business services provider’s stock worth $3,131,000 after acquiring an additional 1,074 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at S&P Global

In other news, EVP Sally Moore sold 500 shares of S&P Global 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 transaction, the executive vice president now owns 5,131 shares of the company’s stock, valued at $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the topic of several analyst reports. UBS Group lifted 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 report on Wednesday, April 30th. JPMorgan Chase & Co. dropped their target price on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Robert W. Baird dropped their target price 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. Argus upgraded shares of S&P Global to a “strong-buy” rating in a report on Friday, May 16th. 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 price target for the company. Two 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $592.71.

S&P Global Price Performance

NYSE SPGI opened at $503.85 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $154.53 billion, a PE ratio of 39.58, a price-to-earnings-growth ratio of 2.46 and a beta of 1.20. The company has a 50 day moving average price of $501.16 and a two-hundred day moving average price of $503.33. S&P Global Inc. has a 12-month low of $427.14 and a 12-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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.23 by $0.14. The firm 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 27.27% and a return on equity of 14.68%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company earned $4.01 earnings per share. As a group, equities analysts predict 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 was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, May 28th. S&P Global’s dividend payout ratio (DPR) is presently 30.16%.

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.