S&P Global Inc. (NYSE:SPGI) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp reduced its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 4.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,784 shares of the business services provider's stock after selling 5,655 shares during the period. Fifth Third Bancorp's holdings in S&P Global were worth $56,289,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of SPGI. Minot DeBlois Advisors LLC purchased a new position in S&P Global in the fourth quarter valued at $25,000. Anderson Financial Strategies LLC purchased a new position in S&P Global in the fourth quarter valued at $27,000. Human Investing LLC purchased a new position in S&P Global in the fourth quarter valued at $30,000. Noble Wealth Management PBC purchased a new position in S&P Global in the fourth quarter valued at $31,000. Finally, Hazlett Burt & Watson Inc. boosted its holdings in S&P Global by 131.0% in the fourth 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 during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Performance

SPGI stock traded down $8.04 during trading on Thursday, hitting $505.94. The company had a trading volume of 1,321,399 shares, compared to its average volume of 1,221,074. The firm has a market cap of $155.17 billion, a PE ratio of 40.97, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $545.39. The firm has a 50-day moving average price of $494.55 and a 200-day moving average price of $504.34. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

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

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th were paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Wednesday, May 28th. S&P Global's dividend payout ratio (DPR) is 30.16%.

Insider Transactions at S&P Global

In related news, EVP Sally Moore sold 500 shares of S&P Global 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 directly owns 5,131 shares in the company, valued at $2,619,016.33. The trade was a 8.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Bank of America assumed coverage on S&P Global in a research note on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target on the stock. JPMorgan Chase & Co. cut their price target on S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Stifel Nicolaus cut their price target on S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Robert W. Baird cut their price target on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, BMO Capital Markets lifted their target price on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, S&P Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $592.71.

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.