Rockland Trust Co. Trims Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Rockland Trust Co. lessened its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 24.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,172 shares of the business services provider's stock after selling 1,650 shares during the quarter. Rockland Trust Co.'s holdings in S&P Global were worth $2,628,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of S&P Global during the 4th quarter worth $1,725,084,000. GAMMA Investing LLC increased its stake in S&P Global by 60,982.3% during the 1st quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock valued at $1,086,877,000 after purchasing an additional 2,135,599 shares in the last quarter. Raymond James Financial Inc. purchased a new position in S&P Global in the 4th quarter worth $527,207,000. Proficio Capital Partners LLC lifted its position in S&P Global by 71,024.1% during the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock worth $308,525,000 after acquiring an additional 618,620 shares during the period. Finally, Northern Trust Corp grew its stake in S&P Global by 19.1% during the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock valued at $1,631,568,000 after purchasing an additional 525,347 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the sale, the executive vice president now directly owns 5,131 shares of the company's stock, valued at approximately $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 accessible through the SEC website. 0.10% of the stock is owned by insiders.

S&P Global Trading Down 1.0%

NYSE:SPGI traded down $4.84 on Friday, reaching $501.03. The company's stock had a trading volume of 1,343,042 shares, compared to its average volume of 1,223,684. The stock has a 50 day moving average price of $495.92 and a 200 day moving average price of $504.24. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm has a market cap of $153.67 billion, a price-to-earnings ratio of 40.57, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. 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 issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.23 by $0.14. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The firm 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 business posted $4.01 EPS. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.77%. The ex-dividend date was Wednesday, May 28th. S&P Global's dividend payout ratio is currently 30.16%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SPGI. Wall Street Zen lowered shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Wells Fargo & Company increased their price target on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Robert W. Baird dropped their price objective on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Argus raised shares of S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Finally, BMO Capital Markets lifted their price target on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $592.71.

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.