Crestwood Advisors Group LLC Sells 551 Shares of S&P Global Inc. (NYSE:SPGI)

Crestwood Advisors Group LLC reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 0.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,063 shares of the business services provider's stock after selling 551 shares during the quarter. Crestwood Advisors Group LLC's holdings in S&P Global were worth $40,680,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in shares of S&P Global by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock valued at $3,273,264,000 after buying an additional 116,208 shares during the last quarter. Norges Bank acquired a new stake in shares of S&P Global in the 4th quarter valued at approximately $1,725,084,000. Northern Trust Corp boosted its holdings in shares of S&P Global by 19.1% in the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock valued at $1,631,568,000 after buying an additional 525,347 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of S&P Global by 13.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock valued at $1,529,653,000 after buying an additional 357,790 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in shares of S&P Global by 11.4% in the 4th quarter. Nuveen Asset Management LLC now owns 2,184,312 shares of the business services provider's stock valued at $1,087,853,000 after buying an additional 224,294 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Insider Activity at S&P Global

In related news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company's stock.

S&P Global Stock Performance

Shares of SPGI traded up $7.26 during midday trading on Thursday, reaching $532.92. 240,444 shares of the stock were exchanged, compared to its average volume of 1,283,310. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $545.39. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The company has a market cap of $163.45 billion, a P/E ratio of 41.86, a PEG ratio of 2.49 and a beta of 1.19. The stock's 50 day simple moving average is $518.00 and its 200 day simple moving average is $506.81.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The company had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. During the same quarter last year, the business earned $4.01 earnings per share. S&P Global's revenue was up 8.2% on a year-over-year basis. On average, sell-side 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 declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Tuesday, August 26th. S&P Global's payout ratio is currently 30.16%.

Analyst Upgrades and Downgrades

SPGI has been the subject of several recent analyst reports. Argus raised S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Robert W. Baird cut their price objective on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Morgan Stanley raised their price target on S&P Global from $587.00 to $595.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Oppenheimer raised their price target on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Finally, Stifel Nicolaus cut their price target on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Two investment 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 currently has an average rating of "Moderate Buy" and a consensus target price of $601.07.

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.