Lbp Am Sa Sells 32,867 Shares of S&P Global Inc. (NYSE:SPGI)

LBP AM SA lowered its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 37.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,789 shares of the business services provider's stock after selling 32,867 shares during the quarter. LBP AM SA's holdings in S&P Global were worth $27,330,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornerstone Planning Group LLC lifted its position in shares of S&P Global by 17.9% in the first quarter. Cornerstone Planning Group LLC now owns 297 shares of the business services provider's stock worth $140,000 after buying an additional 45 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of S&P Global by 5.2% in the first quarter. Linden Thomas Advisory Services LLC now owns 10,850 shares of the business services provider's stock worth $5,513,000 after buying an additional 536 shares during the last quarter. Greenleaf Trust lifted its position in shares of S&P Global by 1.9% in the first quarter. Greenleaf Trust now owns 73,853 shares of the business services provider's stock worth $37,525,000 after buying an additional 1,403 shares during the last quarter. Valeo Financial Advisors LLC lifted its position in shares of S&P Global by 0.7% in the first quarter. Valeo Financial Advisors LLC now owns 4,473 shares of the business services provider's stock worth $2,273,000 after buying an additional 29 shares during the last quarter. Finally, M&T Bank Corp lifted its position in shares of S&P Global by 5.5% in the first quarter. M&T Bank Corp now owns 58,425 shares of the business services provider's stock worth $29,686,000 after buying an additional 3,033 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SPGI. Bank of America began coverage on S&P Global in a research report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target for the company. Robert W. Baird cut their price objective on 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. Mizuho assumed coverage on S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective for the company. UBS Group boosted their price objective on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Morgan Stanley boosted their price objective on S&P Global from $587.00 to $595.00 and gave the stock an "overweight" rating in a research report on Monday. Two research 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $596.79.

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 transaction of $255,215.00. Following the sale, the executive vice president directly owned 5,131 shares in the company, valued at $2,619,016.33. This represents a 8.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

S&P Global Price Performance

Shares of SPGI stock traded up $0.99 during trading hours on Thursday, hitting $529.72. The company had a trading volume of 703,294 shares, compared to its average volume of 1,231,347. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $545.39. The firm has a market capitalization of $162.47 billion, a price-to-earnings ratio of 41.61, a PEG ratio of 2.57 and a beta of 1.19. The firm's fifty day moving average is $515.23 and its 200 day moving average is $505.32. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.23 by $0.14. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the company posted $4.01 EPS. The company's revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be given a dividend of $0.96 per share. The ex-dividend date 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 (DPR) is presently 30.16%.

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.