Milestone Resources Group Ltd Sells 24 Shares of S&P Global Inc. (NYSE:SPGI)

Milestone Resources Group Ltd cut its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 254,269 shares of the business services provider’s stock after selling 24 shares during the quarter. S&P Global accounts for about 3.8% of Milestone Resources Group Ltd’s portfolio, making the stock its 11th biggest holding. Milestone Resources Group Ltd owned about 0.08% of S&P Global worth $108,179,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. D.B. Root & Company LLC increased its stake in shares of S&P Global by 3.6% in the fourth quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock worth $292,000 after purchasing an additional 23 shares in the last quarter. Mayflower Financial Advisors LLC grew its position in shares of S&P Global by 3.3% in the fourth quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock valued at $315,000 after purchasing an additional 23 shares in the last quarter. Allworth Financial LP raised its stake in shares of S&P Global by 1.8% during the 4th quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock valued at $598,000 after purchasing an additional 24 shares during the period. Oakworth Capital Inc. lifted its holdings in S&P Global by 31.2% during the 4th quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock worth $44,000 after purchasing an additional 24 shares in the last quarter. Finally, Independence Bank of Kentucky boosted its stake in S&P Global by 1.7% in the 4th quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock worth $655,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of S&P Global stock traded up $6.27 during trading hours on Tuesday, reaching $488.82. The company’s stock had a trading volume of 1,215,102 shares, compared to its average volume of 1,271,116. The firm has a 50 day moving average price of $442.17 and a 200-day moving average price of $433.97. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. S&P Global Inc. has a one year low of $340.49 and a one year high of $488.85. The stock has a market cap of $152.95 billion, a P/E ratio of 54.80, a P/E/G ratio of 2.65 and a beta of 1.16.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.33. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. On average, analysts predict that S&P Global Inc. will post 14.16 EPS for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be issued a $0.91 dividend. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global’s dividend payout ratio is presently 40.81%.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of research analyst reports. Stifel Nicolaus upped their target price on S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Barclays boosted their price target on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Oppenheimer lifted their price objective on shares of S&P Global from $482.00 to $486.00 and gave the stock an “outperform” rating in a report on Monday, July 1st. UBS Group upped their target price on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Finally, Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $490.55.

S&P Global Company Profile

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.