Compagnie Lombard Odier SCmA Sells 20,320 Shares of S&P Global Inc. (NYSE:SPGI)

Compagnie Lombard Odier SCmA reduced its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 11.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 163,946 shares of the business services provider's stock after selling 20,320 shares during the quarter. S&P Global makes up approximately 1.0% of Compagnie Lombard Odier SCmA's investment portfolio, making the stock its 26th biggest position. Compagnie Lombard Odier SCmA owned approximately 0.05% of S&P Global worth $83,301,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of SPGI. Wealthfront Advisers LLC raised its holdings in S&P Global by 19.1% during the fourth quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock valued at $18,799,000 after acquiring an additional 6,051 shares during the period. Graham Capital Management L.P. bought a new stake in S&P Global during the fourth quarter valued at about $14,040,000. Freestone Capital Holdings LLC grew its position in shares of S&P Global by 0.4% during the fourth quarter. Freestone Capital Holdings LLC now owns 11,499 shares of the business services provider's stock valued at $5,727,000 after purchasing an additional 49 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of S&P Global by 0.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 153,466 shares of the business services provider's stock valued at $77,009,000 after purchasing an additional 1,432 shares in the last quarter. Finally, Empowered Funds LLC grew its position in shares of S&P Global by 16.7% during the fourth quarter. Empowered Funds LLC now owns 7,033 shares of the business services provider's stock valued at $3,503,000 after purchasing an additional 1,006 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Insider Buying and Selling 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 transaction, the executive vice president now owns 5,131 shares in the company, valued at $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

SPGI has been the subject of a number of research analyst reports. Wall Street Zen lowered S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. UBS Group raised their price objective on S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Wells Fargo & Company raised their price objective on S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. cut their price objective 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. Finally, Argus upgraded S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, S&P Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $592.71.

S&P Global Trading Down 1.0%

SPGI traded down $4.84 on Friday, hitting $501.03. The company had a trading volume of 1,343,042 shares, compared to its average volume of 1,223,688. The company has a market cap of $153.67 billion, a PE ratio of 40.57, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The business's fifty day simple moving average is $497.12 and its 200 day simple moving average is $504.09.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS 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 company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter last year, the business posted $4.01 earnings per share. The firm's revenue was up 8.2% on a year-over-year basis. Equities research analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $3.84 annualized dividend and a dividend yield of 0.77%. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

S&P Global Company 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.