Fidelis Capital Partners LLC Cuts Position in S&P Global Inc. (NYSE:SPGI)

Fidelis Capital Partners LLC decreased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 28.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,799 shares of the business services provider's stock after selling 732 shares during the period. Fidelis Capital Partners LLC's holdings in S&P Global were worth $864,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SPGI. Invenio Wealth Partners LLC raised 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 acquiring an additional 22 shares in the last quarter. Retirement Planning Group LLC lifted its stake 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 valued at $2,870,000 after buying an additional 22 shares during the period. Burford Brothers Inc. lifted its stake in S&P Global by 2.8% in the first quarter. Burford Brothers Inc. now owns 794 shares of the business services provider's stock valued at $403,000 after buying an additional 22 shares during the period. SeaCrest Wealth Management LLC raised its position in shares of S&P Global by 2.1% during the first quarter. SeaCrest Wealth Management LLC now owns 1,132 shares of the business services provider's stock worth $575,000 after purchasing an additional 23 shares during the period. Finally, Gitterman Wealth Management LLC raised its position in S&P Global by 5.7% in the 4th quarter. Gitterman Wealth Management LLC now owns 483 shares of the business services provider's stock valued at $241,000 after buying an additional 26 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Down 1.5%

Shares of NYSE SPGI traded down $7.75 during midday trading on Tuesday, hitting $522.37. The company's stock had a trading volume of 791,916 shares, compared to its average volume of 1,224,698. The business's 50 day moving average is $516.12 and its two-hundred day moving average is $505.69. The firm has a market cap of $160.21 billion, a P/E ratio of 41.03, a price-to-earnings-growth ratio of 2.56 and a beta of 1.19. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $545.39. The company has a current ratio of 0.90, a quick 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, topping 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 analysts' expectations of $3.72 billion. During the same quarter in the previous year, the firm posted $4.01 EPS. The firm's revenue was up 8.2% compared to the same quarter last year. As a group, equities research analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's payout ratio is 30.16%.

Analyst Ratings Changes

A number of brokerages have issued reports on SPGI. UBS Group upped their price objective on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Robert W. Baird decreased their price target on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. cut their price objective on S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Morgan Stanley lifted their price target on S&P Global from $587.00 to $595.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Finally, Oppenheimer boosted their target price on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, S&P Global presently has an average rating of "Moderate Buy" and a consensus price target of $596.79.

Insiders Place Their Bets

In related news, EVP Sally Moore sold 500 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 5,131 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Company 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.