S&P Global Inc. (NYSE:SPGI) Shares Sold by New Century Financial Group LLC

New Century Financial Group LLC decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 11.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 623 shares of the business services provider’s stock after selling 79 shares during the quarter. New Century Financial Group LLC’s holdings in S&P Global were worth $265,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Wealth Management Group LLC bought a new stake in shares of S&P Global in the 4th quarter worth about $26,000. Pineridge Advisors LLC acquired a new stake in S&P Global during the fourth quarter valued at approximately $26,000. Valued Wealth Advisors LLC bought a new position in S&P Global during the 4th quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group grew its position in shares of S&P Global by 64.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after acquiring an additional 25 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA increased its holdings in shares of S&P Global by 200.0% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 0.2 %

NYSE:SPGI opened at $449.44 on Friday. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $461.16. The business has a fifty day moving average of $434.19 and a 200-day moving average of $432.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $140.63 billion, a price-to-earnings ratio of 50.39, a PEG ratio of 2.50 and a beta of 1.16.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, beating the consensus estimate of $3.68 by $0.33. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. Equities analysts predict that S&P Global Inc. will post 14.12 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s payout ratio is currently 40.81%.

Analyst Upgrades and Downgrades

A number of research firms have commented on SPGI. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a report on Friday, June 21st. Stifel Nicolaus increased their price objective on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Oppenheimer raised their target price on shares of S&P Global from $482.00 to $486.00 and gave the stock an “outperform” rating in a report on Monday. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Finally, Barclays raised their price target on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $468.33.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.