Central Bank & Trust Co. Lowers Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Central Bank & Trust Co. cut its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 13.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,041 shares of the business services provider's stock after selling 2,572 shares during the period. S&P Global makes up approximately 1.4% of Central Bank & Trust Co.'s investment portfolio, making the stock its 17th largest position. Central Bank & Trust Co.'s holdings in S&P Global were worth $8,659,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Minot DeBlois Advisors LLC acquired a new position in shares of S&P Global in the 4th quarter valued at approximately $25,000. Anderson Financial Strategies LLC acquired a new position in S&P Global during the fourth quarter valued at approximately $27,000. Human Investing LLC acquired a new position in S&P Global during the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC bought a new stake in S&P Global during the fourth quarter worth $31,000. Finally, Hazlett Burt & Watson Inc. boosted its holdings in shares of S&P Global by 131.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after purchasing an additional 38 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Insider Buying and Selling at S&P Global

In related news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction dated Monday, May 5th. The stock was 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 now owns 5,131 shares of the company's stock, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company's stock.

S&P Global Stock Down 0.8%

S&P Global stock traded down $4.30 during mid-day trading on Monday, reaching $515.06. The stock had a trading volume of 743,700 shares, compared to its average volume of 1,220,817. The firm has a market capitalization of $157.97 billion, a PE ratio of 41.71, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a fifty-two week low of $425.49 and a fifty-two week high of $545.39. The stock's 50-day simple moving average is $492.79 and its 200-day simple moving average is $504.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

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

S&P Global Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on SPGI shares. Mizuho started coverage on S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price for the company. Robert W. Baird dropped their price target on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. UBS Group boosted their price objective on shares of S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Argus upgraded S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Finally, Bank of America started coverage on S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 target price for the company. Two equities research 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 company. According to data from MarketBeat, S&P Global currently has a consensus rating of "Moderate Buy" and an average price target of $592.71.

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.