S&P Global Inc. (NYSE:SPGI) Shares Sold by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft reduced its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 37.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,607 shares of the business services provider's stock after selling 7,995 shares during the quarter. S&P Global accounts for approximately 0.5% of Baader Bank Aktiengesellschaft's investment portfolio, making the stock its 28th biggest holding. Baader Bank Aktiengesellschaft's holdings in S&P Global were worth $6,909,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SPGI. Stegent Equity Advisors Inc. lifted its stake in S&P Global by 3.1% in the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider's stock valued at $335,000 after buying an additional 20 shares in the last quarter. Integrated Investment Consultants LLC lifted its stake in S&P Global by 2.8% in the 1st quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider's stock valued at $387,000 after buying an additional 21 shares in the last quarter. Invenio Wealth Partners LLC lifted its stake in S&P Global by 4.0% in the 4th quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock valued at $286,000 after buying an additional 22 shares in the last quarter. Retirement Planning Group LLC lifted its stake in S&P Global by 0.4% in the 4th quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock valued at $2,870,000 after buying an additional 22 shares in the last quarter. Finally, Burford Brothers Inc. lifted its stake in S&P Global by 2.8% in the 1st quarter. Burford Brothers Inc. now owns 794 shares of the business services provider's stock valued at $403,000 after buying an additional 22 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related 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 completion of the sale, the executive vice president owned 5,131 shares in the company, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company's stock.

S&P Global Trading Down 1.1%

Shares of NYSE SPGI traded down $6.24 during midday trading on Friday, reaching $544.86. 1,885,503 shares of the stock were exchanged, compared to its average volume of 1,294,018. The company has a 50 day simple moving average of $519.96 and a 200 day simple moving average of $508.64. The stock has a market capitalization of $167.11 billion, a P/E ratio of 42.80, a PEG ratio of 2.55 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $558.86.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.18 by $0.25. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The business's revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $4.04 EPS. As a group, equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) is 30.16%.

Analysts Set New Price Targets

A number of analysts have commented on SPGI shares. UBS Group increased their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Robert W. Baird cut their price objective on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Bank of America started coverage on shares of S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective for the company. Stifel Nicolaus cut 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 report on Wednesday, April 30th. Finally, BMO Capital Markets increased their price objective on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $611.69.

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.