Keybank National Association OH Has $83.98 Million Position in S&P Global Inc. (NYSE:SPGI)

Keybank National Association OH grew its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 1.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 165,288 shares of the business services provider's stock after buying an additional 1,963 shares during the period. Keybank National Association OH owned approximately 0.05% of S&P Global worth $83,983,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SPGI. Geode Capital Management LLC raised its holdings in S&P Global by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock worth $3,273,264,000 after acquiring an additional 116,208 shares during the period. Norges Bank acquired a new stake in shares of S&P Global in the fourth quarter valued at about $1,725,084,000. Northern Trust Corp increased its stake in shares of S&P Global by 19.1% in the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after purchasing an additional 525,347 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of S&P Global by 13.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock worth $1,529,653,000 after purchasing an additional 357,790 shares during the period. Finally, Amundi grew its holdings in S&P Global by 6.6% in the 4th quarter. Amundi now owns 2,345,377 shares of the business services provider's stock valued at $1,162,979,000 after buying an additional 145,434 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company boosted their price target on shares of S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. UBS Group upped their target price on shares of S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Stifel Nicolaus decreased their price objective 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. Finally, Oppenheimer increased their target price on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday. 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 data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $593.57.

S&P Global Stock Down 0.7%

Shares of NYSE SPGI traded down $3.64 during mid-day trading on Wednesday, hitting $525.68. The company had a trading volume of 917,676 shares, compared to its average volume of 1,231,011. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm has a 50-day simple moving average of $509.23 and a two-hundred day simple moving average of $503.75. The company has a market capitalization of $161.23 billion, a PE ratio of 41.29, a price-to-earnings-growth ratio of 2.57 and a beta of 1.19. S&P Global Inc. has a one year low of $427.14 and a one year high of $545.39.

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, beating analysts' consensus estimates of $4.23 by $0.14. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The business's revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company earned $4.01 earnings per share. On average, equities analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) is currently 30.16%.

Insider Buying and Selling

In other 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 transaction of $255,215.00. Following the transaction, the executive vice president directly owned 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by corporate insiders.

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.