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

LBP AM SA lessened its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 37.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Personal CFO Solutions LLC grew its holdings in S&P Global by 3.1% during the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock worth $336,000 after acquiring an additional 20 shares during the period. Invenio Wealth Partners LLC grew its stake in S&P Global by 4.0% during the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock worth $286,000 after purchasing an additional 22 shares during the period. Retirement Planning Group LLC increased its holdings in S&P Global by 0.4% in the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock worth $2,870,000 after purchasing an additional 22 shares in the last quarter. SeaCrest Wealth Management LLC lifted its stake in S&P Global by 2.1% in the first 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 during the period. Finally, Gitterman Wealth Management LLC grew its position in shares of S&P Global by 5.7% during the 4th quarter. Gitterman Wealth Management LLC now owns 483 shares of the business services provider's stock worth $241,000 after buying an additional 26 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at S&P Global

In other news, EVP Sally Moore sold 500 shares of the 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 directly owned 5,131 shares of the company's stock, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Bank of America initiated coverage on shares of S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 price objective on the stock. Wells Fargo & Company boosted their price objective on S&P Global from $627.00 to $632.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Oppenheimer upped their price objective on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Morgan Stanley upped their target price on shares of S&P Global from $587.00 to $595.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Stifel Nicolaus cut their price target on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, S&P Global presently has an average rating of "Moderate Buy" and an average price target of $596.79.

S&P Global Stock Performance

S&P Global stock traded down $2.78 during trading on Friday, hitting $527.05. The stock had a trading volume of 816,683 shares, compared to its average volume of 1,229,695. The stock's 50 day moving average is $515.23 and its two-hundred day moving average is $505.32. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $545.39. The stock has a market cap of $161.65 billion, a price-to-earnings ratio of 41.40, a price-to-earnings-growth ratio of 2.57 and a beta of 1.19. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. During the same quarter in the prior year, the firm earned $4.01 EPS. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.73%. S&P Global's payout ratio is 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.