Kintegral Advisory LLC Sells 6,201 Shares of S&P Global Inc. (NYSE:SPGI)

Kintegral Advisory LLC cut its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 32.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,646 shares of the business services provider's stock after selling 6,201 shares during the quarter. S&P Global comprises about 1.0% of Kintegral Advisory LLC's investment portfolio, making the stock its 21st largest position. Kintegral Advisory LLC's holdings in S&P Global were worth $6,425,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SPGI. Personal CFO Solutions LLC grew its position in S&P Global by 3.1% in the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock valued at $336,000 after buying an additional 20 shares in the last quarter. Invenio Wealth Partners LLC grew its position in S&P Global by 4.0% in the 4th quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock valued at $286,000 after buying an additional 22 shares in the last quarter. Retirement Planning Group LLC grew its position in S&P Global by 0.4% in the 4th quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock valued at $2,870,000 after buying an additional 22 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in S&P Global by 2.1% in the 1st quarter. SeaCrest Wealth Management LLC now owns 1,132 shares of the business services provider's stock valued at $575,000 after buying an additional 23 shares in the last quarter. Finally, Gitterman Wealth Management LLC grew its position in S&P Global by 5.7% in the 4th quarter. Gitterman Wealth Management LLC now owns 483 shares of the business services provider's stock valued at $241,000 after buying an additional 26 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Sally Moore sold 500 shares of the stock in a transaction that occurred 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 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 filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SPGI. Robert W. Baird decreased their target price on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Argus raised shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. JPMorgan Chase & Co. cut their price target on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Bank of America initiated coverage on shares of S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target for the company. Finally, Oppenheimer upped their price objective on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, S&P Global has an average rating of "Moderate Buy" and a consensus price target of $593.93.

S&P Global Stock Up 1.0%

Shares of NYSE SPGI traded up $5.38 during mid-day trading on Friday, reaching $531.02. The company had a trading volume of 578,304 shares, compared to its average volume of 1,233,475. The stock has a fifty day moving average of $512.34 and a two-hundred day moving average of $504.30. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $162.86 billion, a price-to-earnings ratio of 41.71, a PEG ratio of 2.58 and a beta of 1.19. S&P Global Inc. has a 12-month low of $427.14 and a 12-month 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 (EPS) for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The firm's revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.01 earnings per share. As a group, equities research analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.72%. S&P Global's dividend payout ratio is currently 30.16%.

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.