Bristol John W & Co. Inc. NY Sells 3,390 Shares of S&P Global Inc. (NYSE:SPGI)

Bristol John W & Co. Inc. NY lowered its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,872 shares of the business services provider's stock after selling 3,390 shares during the quarter. Bristol John W & Co. Inc. NY owned 0.05% of S&P Global worth $77,131,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Capital A Wealth Management LLC acquired a new position in shares of S&P Global in the 4th quarter valued at $550,000. Windmill Hill Asset Management Ltd boosted its position in shares of S&P Global by 1.4% in the 4th quarter. Windmill Hill Asset Management Ltd now owns 6,806 shares of the business services provider's stock valued at $3,390,000 after purchasing an additional 95 shares during the period. Shufro Rose & Co. LLC boosted its position in shares of S&P Global by 7.3% in the 4th quarter. Shufro Rose & Co. LLC now owns 780 shares of the business services provider's stock valued at $388,000 after purchasing an additional 53 shares during the period. Polar Asset Management Partners Inc. acquired a new position in shares of S&P Global in the 4th quarter valued at $23,407,000. Finally, Cypress Asset Management Inc. TX acquired a new position in shares of S&P Global in the 4th quarter valued at $2,599,000. Institutional investors own 87.17% of the company's stock.

S&P Global Trading Down 1.0%

SPGI traded down $5.37 during midday trading on Wednesday, hitting $511.33. 877,935 shares of the company were exchanged, compared to its average volume of 1,220,699. The firm has a market capitalization of $156.82 billion, a P/E ratio of 41.40, a P/E/G ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a 1-year low of $419.49 and a 1-year high of $545.39. The firm's 50 day moving average price is $491.87 and its 200-day moving average price is $503.82. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.14. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the company posted $4.01 EPS. The business's quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global's payout ratio is 30.16%.

Analyst Ratings Changes

A number of research firms recently weighed in on SPGI. JPMorgan Chase & Co. decreased their price target on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Stifel Nicolaus decreased their price objective on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Mizuho began coverage on S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective for the company. Wall Street Zen downgraded S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, Argus raised S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, S&P Global has an average rating of "Moderate Buy" and an average target price of $592.71.

Insider Activity at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the sale, the executive vice president now directly owns 5,131 shares of the company's stock, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Profile

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.