KBC Group NV Has $177.52 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

KBC Group NV cut its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 5.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 349,378 shares of the business services provider's stock after selling 18,796 shares during the period. KBC Group NV owned about 0.11% of S&P Global worth $177,519,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wealthfront Advisers LLC boosted its holdings in S&P Global by 19.1% in the fourth quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock valued at $18,799,000 after acquiring an additional 6,051 shares during the last quarter. Graham Capital Management L.P. acquired a new stake in S&P Global in the fourth quarter worth about $14,040,000. Freestone Capital Holdings LLC increased its position in S&P Global by 0.4% in the fourth quarter. Freestone Capital Holdings LLC now owns 11,499 shares of the business services provider's stock worth $5,727,000 after purchasing an additional 49 shares during the period. Asahi Life Asset Management CO. LTD. increased its position in S&P Global by 85.9% in the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 1,288 shares of the business services provider's stock worth $641,000 after purchasing an additional 595 shares during the period. Finally, Coalescence Partners Investment Management LP increased its position in S&P Global by 62.7% in the fourth quarter. Coalescence Partners Investment Management LP now owns 30,089 shares of the business services provider's stock worth $14,985,000 after purchasing an additional 11,599 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

Shares of SPGI stock traded up $3.21 during trading on Friday, reaching $518.23. 2,251,581 shares of the company's stock were exchanged, compared to its average volume of 1,230,745. 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 stock has a market capitalization of $158.94 billion, a PE ratio of 40.71, a PEG ratio of 2.52 and a beta of 1.20. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $545.39. The firm's fifty day moving average price is $506.39 and its 200-day moving average price is $503.48.

S&P Global (NYSE:SPGI - Get Free Report) last posted its 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. The business 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 14.68% and a net margin of 27.27%. The firm's revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.01 EPS. As a group, sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently announced 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. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's payout ratio is presently 30.16%.

Insider Buying and Selling

In other S&P Global news, EVP Sally Moore sold 500 shares of the company'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 now directly owns 5,131 shares of the company's stock, valued at $2,619,016.33. This represents a 8.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Mizuho assumed coverage on S&P Global in a report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price on the stock. Robert W. Baird reduced their target price on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Stifel Nicolaus reduced their target price on S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Argus upgraded S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Finally, Wells Fargo & Company raised their target price on S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.