TCG Advisors LP bought a new stake in S&P Global Inc (NYSE:SPGI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 600 shares of the business services provider’s stock, valued at approximately $126,000.

Several other institutional investors have also made changes to their positions in the company. Granite Investment Advisors LLC boosted its position in shares of S&P Global by 0.4% during the 1st quarter. Granite Investment Advisors LLC now owns 13,249 shares of the business services provider’s stock worth $2,790,000 after purchasing an additional 50 shares in the last quarter. First Mercantile Trust Co. boosted its position in shares of S&P Global by 7.1% during the 1st quarter. First Mercantile Trust Co. now owns 781 shares of the business services provider’s stock worth $164,000 after purchasing an additional 52 shares in the last quarter. Wambolt & Associates LLC boosted its position in shares of S&P Global by 3.1% during the 1st quarter. Wambolt & Associates LLC now owns 1,744 shares of the business services provider’s stock worth $375,000 after purchasing an additional 53 shares in the last quarter. ETF Managers Group LLC boosted its position in shares of S&P Global by 7.9% during the 1st quarter. ETF Managers Group LLC now owns 753 shares of the business services provider’s stock worth $159,000 after purchasing an additional 55 shares in the last quarter. Finally, CNB Bank boosted its position in shares of S&P Global by 45.9% during the 1st quarter. CNB Bank now owns 178 shares of the business services provider’s stock worth $37,000 after purchasing an additional 56 shares in the last quarter. 83.00% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have commented on the stock. Morgan Stanley boosted their target price on shares of S&P Global from $226.00 to $232.00 and gave the stock an “equal weight” rating in a research report on Tuesday. UBS Group upgraded shares of S&P Global from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $228.00 to $252.00 in a research report on Tuesday, May 21st. Zacks Investment Research upgraded shares of S&P Global from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. Raymond James boosted their target price on shares of S&P Global from $209.00 to $226.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Finally, Piper Jaffray Companies boosted their price objective on shares of S&P Global from $220.00 to $242.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $218.09.

Shares of S&P Global stock traded up $0.46 on Wednesday, hitting $223.15. The company’s stock had a trading volume of 18,119 shares, compared to its average volume of 1,217,206. S&P Global Inc has a 52-week low of $156.68 and a 52-week high of $229.00. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 11.03. The firm has a market capitalization of $56.07 billion, a PE ratio of 26.25, a P/E/G ratio of 1.81 and a beta of 1.10.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.12 by ($0.01). S&P Global had a return on equity of 325.28% and a net margin of 29.99%. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the prior year, the firm earned $2.00 earnings per share. S&P Global’s quarterly revenue was up .3% on a year-over-year basis. On average, research analysts expect that S&P Global Inc will post 9.01 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be given a $0.57 dividend. The ex-dividend date is Tuesday, May 28th. This represents a $2.28 annualized dividend and a dividend yield of 1.02%. S&P Global’s dividend payout ratio is presently 26.82%.

In other S&P Global news, CFO Ewout L. Steenbergen sold 8,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $215.59, for a total value of $1,724,720.00. Following the transaction, the chief financial officer now directly owns 15,694 shares in the company, valued at approximately $3,383,469.46. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Alexander Matturri, Jr. sold 1,790 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $205.88, for a total transaction of $368,525.20. Following the completion of the transaction, the chief executive officer now owns 19,478 shares in the company, valued at $4,010,130.64. The disclosure for this sale can be found here. Insiders sold a total of 22,095 shares of company stock worth $4,729,500 over the last quarter. Insiders own 0.20% of the company’s stock.

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About S&P Global

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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