S&P Global Inc. (NYSE:SPGI) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,230 shares of the business services provider's stock after selling 1,866 shares during the period. Segall Bryant & Hamill LLC's holdings in S&P Global were worth $19,425,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock valued at $1,582,000 after purchasing an additional 143 shares in the last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of S&P Global by 3.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock worth $37,093,000 after acquiring an additional 2,413 shares in the last quarter. GHE LLC raised its holdings in shares of S&P Global by 2.1% during the fourth quarter. GHE LLC now owns 13,504 shares of the business services provider's stock worth $6,725,000 after acquiring an additional 274 shares in the last quarter. Proficio Capital Partners LLC increased its position in S&P Global by 42.8% during the fourth quarter. Proficio Capital Partners LLC now owns 1,244 shares of the business services provider's stock worth $619,000 after buying an additional 373 shares during the last quarter. Finally, Tocqueville Asset Management L.P. increased its position in S&P Global by 5.4% during the fourth quarter. Tocqueville Asset Management L.P. now owns 7,039 shares of the business services provider's stock worth $3,506,000 after buying an additional 360 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Analysts Set New Price Targets

SPGI has been the subject of several research reports. UBS Group increased their target price on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. cut their target price on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Stifel Nicolaus lowered their target price on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Bank of America started 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, Wells Fargo & Company upped their target price on shares of S&P Global from $627.00 to $632.00 and gave the stock an "overweight" rating in a research note on Thursday, July 3rd. Two 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $596.79.

Insiders Place Their Bets

In other S&P Global 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 transaction, the executive vice president directly owned 5,131 shares of the company's stock, valued at $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.10% of the company's stock.

S&P Global Price Performance

SPGI stock traded up $1.05 during midday trading on Thursday, reaching $525.41. The company had a trading volume of 866,993 shares, compared to its average volume of 1,221,527. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $545.39. The company has a market capitalization of $161.14 billion, a P/E ratio of 41.27, a P/E/G ratio of 2.53 and a beta of 1.19. The firm has a 50-day moving average price of $516.89 and a 200-day moving average price of $505.93.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results 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 net margin of 27.27% and a return on equity of 14.68%. The business had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same quarter in the prior year, the company posted $4.01 EPS. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. On average, research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Tuesday, August 26th. S&P Global's payout ratio is currently 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.