GTS Securities LLC Reduces Position in S&P Global Inc. (NYSE:SPGI)

GTS Securities LLC cut its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 84.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,758 shares of the business services provider's stock after selling 9,551 shares during the quarter. GTS Securities LLC's holdings in S&P Global were worth $876,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SPGI. Norges Bank acquired a new position in S&P Global during the 4th quarter worth $1,725,084,000. Raymond James Financial Inc. acquired a new position in S&P Global during the 4th quarter worth approximately $527,207,000. Proficio Capital Partners LLC raised its holdings in shares of S&P Global by 71,024.1% in the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock valued at $308,525,000 after purchasing an additional 618,620 shares in the last quarter. Northern Trust Corp raised 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 purchasing an additional 525,347 shares in the last quarter. Finally, BlueSpruce Investments LP purchased a new stake in shares of S&P Global during the 4th quarter worth $178,858,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

SPGI stock traded down $5.37 on Wednesday, reaching $511.33. 877,935 shares of the company's stock were exchanged, compared to its average volume of 1,220,699. The stock has a fifty day moving average of $491.60 and a 200-day moving average of $503.77. S&P Global Inc. has a twelve month low of $419.49 and a twelve month high of $545.39. The firm has a market cap of $156.82 billion, a PE ratio of 41.40, a P/E/G ratio of 2.41 and a beta of 1.23. 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 posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The business had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. During the same period in the prior year, the company posted $4.01 EPS. The business's revenue for the quarter was up 8.2% on a year-over-year basis. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. S&P Global's payout ratio is 30.16%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SPGI shares. Wall Street Zen cut S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Wells Fargo & Company increased their price target on shares of S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Morgan Stanley raised their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Mizuho started coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price for the company. Finally, JPMorgan Chase & Co. cut their price target on shares of 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. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $592.71.

Insider Transactions at S&P Global

In related news, EVP Sally Moore sold 500 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.10% of the company's stock.

S&P Global 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.