S&P Global Inc. (NYSE:SPGI) Shares Sold by C WorldWide Group Holding A S

C WorldWide Group Holding A S lowered its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 1.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 683,497 shares of the business services provider's stock after selling 13,479 shares during the quarter. S&P Global comprises about 4.3% of C WorldWide Group Holding A S's holdings, making the stock its 11th largest position. C WorldWide Group Holding A S owned 0.22% of S&P Global worth $347,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of SPGI. Brighton Jones LLC increased its position 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 worth $1,582,000 after purchasing an additional 143 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in S&P Global by 3.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock worth $37,093,000 after purchasing an additional 2,413 shares in the last quarter. GHE LLC increased its position in S&P Global by 2.1% during the 4th quarter. GHE LLC now owns 13,504 shares of the business services provider's stock worth $6,725,000 after purchasing an additional 274 shares in the last quarter. Proficio Capital Partners LLC grew its position in S&P Global by 42.8% in the fourth quarter. Proficio Capital Partners LLC now owns 1,244 shares of the business services provider's stock valued at $619,000 after acquiring an additional 373 shares in the last quarter. Finally, Axxcess Wealth Management LLC grew its position in S&P Global by 39.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 3,212 shares of the business services provider's stock valued at $1,600,000 after acquiring an additional 908 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on SPGI. Oppenheimer increased their price objective on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Wells Fargo & Company increased their price objective on shares of S&P Global from $627.00 to $632.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. Bank of America began coverage on shares of S&P Global in a research report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective for the company. Argus raised shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Finally, Stifel Nicolaus lowered their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $596.79.

Insider Activity at S&P Global

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

S&P Global Stock Performance

SPGI traded down $1.40 during trading hours on Friday, hitting $523.97. 185,926 shares of the stock were exchanged, compared to its average volume of 1,217,498. The stock has a 50-day simple moving average of $517.24 and a 200-day simple moving average of $506.12. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $545.39. The stock has a market cap of $160.70 billion, a price-to-earnings ratio of 41.16, a price-to-earnings-growth ratio of 2.53 and a beta of 1.19. 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 (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. During the same period last year, the business posted $4.01 earnings per share. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. Analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

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

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