Lbp Am Sa Trims Stake in 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.

Several other large investors also recently made changes to their positions in SPGI. Cornerstone Planning Group LLC raised its holdings in S&P Global by 17.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 297 shares of the business services provider's stock valued at $140,000 after acquiring an additional 45 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its stake in shares of S&P Global by 5.2% during the first quarter. Linden Thomas Advisory Services LLC now owns 10,850 shares of the business services provider's stock valued at $5,513,000 after acquiring an additional 536 shares during the period. Greenleaf Trust lifted its stake in S&P Global by 1.9% in the first quarter. Greenleaf Trust now owns 73,853 shares of the business services provider's stock valued at $37,525,000 after buying an additional 1,403 shares during the period. Valeo Financial Advisors LLC lifted its stake in 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 valued at $2,273,000 after buying an additional 29 shares during the period. Finally, M&T Bank Corp increased its holdings 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 acquiring an additional 3,033 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on S&P Global from $627.00 to $632.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. UBS Group increased their price objective on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday. Oppenheimer increased their price objective on 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 increased their price objective on S&P Global from $587.00 to $595.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Robert W. Baird decreased their price target on S&P Global from $616.00 to $589.00 and set an "outperform" 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 issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $596.79.

Insider Buying and Selling at S&P Global

In other news, EVP Sally Moore sold 500 shares of S&P Global 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 completion of the transaction, the executive vice president directly owned 5,131 shares in the company, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company's stock.

S&P Global Stock Performance

Shares of SPGI traded up $2.24 on Wednesday, reaching $528.63. 736,705 shares of the company's stock traded hands, compared to its average volume of 1,232,107. 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 stock has a market cap of $162.13 billion, a PE ratio of 41.53, a PEG ratio of 2.58 and a beta of 1.19. The stock's 50 day simple moving average is $514.05 and its two-hundred day simple moving average is $504.94. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $545.39.

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 company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the business posted $4.01 earnings per share. S&P Global's revenue was up 8.2% on a year-over-year basis. On average, analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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

About S&P Global

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.