Cwm LLC Has $6.07 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

CWM LLC trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 43.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,949 shares of the business services provider's stock after selling 9,232 shares during the period. CWM LLC's holdings in S&P Global were worth $6,071,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock worth $1,582,000 after purchasing an additional 143 shares during the last quarter. Bank Pictet & Cie Europe AG increased its holdings in S&P Global by 3.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock valued at $37,093,000 after buying an additional 2,413 shares during the last quarter. GHE LLC boosted its stake in S&P Global by 2.1% in the fourth quarter. GHE LLC now owns 13,504 shares of the business services provider's stock valued at $6,725,000 after acquiring an additional 274 shares during the period. Proficio Capital Partners LLC boosted its position in shares of S&P Global by 42.8% during the fourth quarter. Proficio Capital Partners LLC now owns 1,244 shares of the business services provider's stock worth $619,000 after buying an additional 373 shares during the period. Finally, Tocqueville Asset Management L.P. boosted its position in shares of S&P Global by 5.4% during the fourth quarter. Tocqueville Asset Management L.P. now owns 7,039 shares of the business services provider's stock worth $3,506,000 after buying an additional 360 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at S&P Global

In other news, EVP Sally Moore sold 500 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the sale, the executive vice president directly owned 5,131 shares of the company's stock, valued at $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Oppenheimer boosted their price objective on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Bank of America began coverage on S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 price objective for the company. Morgan Stanley upped their target price on S&P Global from $587.00 to $595.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Stifel Nicolaus cut their target price 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. Finally, Argus upgraded S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $596.79.

S&P Global Stock Performance

SPGI stock traded down $0.52 during mid-day trading on Friday, reaching $524.84. 339,700 shares of the stock traded hands, compared to its average volume of 1,218,099. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $545.39. The business has a 50-day moving average of $517.24 and a two-hundred day moving average of $506.12. The firm has a market capitalization of $160.97 billion, a PE ratio of 41.24, a P/E/G ratio of 2.53 and a beta of 1.19.

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, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $3.72 billion. During the same period in the prior year, the business earned $4.01 earnings per share. S&P Global's revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm 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 annualized dividend and a yield of 0.73%. The ex-dividend date is Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

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.