S&P Global Inc. (NYSE:SPGI) Shares Sold by EFG Asset Management Americas Corp.

Key Points

• EFG Asset Management Americas Corp. reduced its stake in S&P Global Inc. by 22.9%, owning 11,564 shares after selling 3,442 shares during the first quarter, with their holdings valued at $5,875,000.
• Analysts have varied price targets for S&P Global, with Stifel Nicolaus lowering it to $603, while Wells Fargo increased it to $632, reflecting a consensus rating of "Moderate Buy" and a target price of $601.07.
• S&P Global declared a quarterly dividend of $0.96 per share, with the ex-dividend date set for August 26th, representing an annualized yield of 0.72% and a payout ratio of 30.16%.

EFG Asset Management Americas Corp. reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 22.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,564 shares of the business services provider's stock after selling 3,442 shares during the quarter. S&P Global accounts for about 1.2% of EFG Asset Management Americas Corp.'s holdings, making the stock its 24th biggest position. EFG Asset Management Americas Corp.'s holdings in S&P Global were worth $5,875,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SPGI. Minot DeBlois Advisors LLC purchased a new position in S&P Global during the fourth quarter valued at approximately $25,000. Anderson Financial Strategies LLC purchased a new stake in shares of S&P Global in the 4th quarter valued at $27,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of S&P Global in the 1st quarter valued at $28,000. CBIZ Investment Advisory Services LLC boosted its stake in shares of S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock valued at $31,000 after purchasing an additional 31 shares in the last quarter. Finally, Alpine Bank Wealth Management bought a new stake in S&P Global during the 1st quarter valued at $33,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on SPGI shares. BMO Capital Markets upped their price objective on shares of S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a report on Friday. Stifel Nicolaus reduced their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Robert W. Baird dropped their price target on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Barclays raised their price target on shares of S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a report on Thursday. Finally, UBS Group raised their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, S&P Global presently has a consensus rating of "Moderate Buy" and an average price target of $611.69.

Insider Buying and Selling at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the 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 completion of the transaction, the executive vice president owned 5,131 shares in the company, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Stock Down 1.1%

SPGI traded down $6.24 on Friday, reaching $544.86. The company's stock had a trading volume of 1,885,503 shares, compared to its average volume of 966,738. The stock has a 50 day moving average of $520.65 and a two-hundred day moving average of $509.07. The company has a quick ratio of 0.90, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $167.11 billion, a price-to-earnings ratio of 33.15, a P/E/G ratio of 2.63 and a beta of 1.19. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $558.86.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.18 by $0.25. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $4.04 earnings per share. As a group, analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal 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 issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. S&P Global's dividend payout ratio (DPR) is currently 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.