S&P Global Inc. (NYSE:SPGI) Shares Sold by Fiera Capital Corp

Key Points

• Fiera Capital Corp reduced its holdings in S&P Global by 12.1%, owning 737,655 shares valued at approximately $374.8 million, making it the 25th largest position in their portfolio.
• A significant increase in investment was seen from GAMMA Investing LLC, which raised its stake by 60,982.3% to own over 2.1 million shares, valued at $1.1 billion after acquiring additional shares.
• Analysts have generally positive outlooks on S&P Global, with UBS Group raising its price target from $575 to $620 and maintaining a "buy" rating, highlighting strong investor sentiment toward the stock.

Fiera Capital Corp trimmed its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 12.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 737,655 shares of the business services provider's stock after selling 101,143 shares during the quarter. S&P Global comprises about 1.4% of Fiera Capital Corp's investment portfolio, making the stock its 25th largest holding. Fiera Capital Corp owned approximately 0.24% of S&P Global worth $374,803,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Minot DeBlois Advisors LLC acquired a new position in shares of S&P Global during the fourth quarter valued at about $25,000. Anderson Financial Strategies LLC acquired a new position in shares of S&P Global during the fourth quarter valued at about $27,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of S&P Global during the first quarter valued at about $28,000. CBIZ Investment Advisory Services LLC increased its holdings in shares of S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock valued at $31,000 after acquiring an additional 31 shares in the last quarter. Finally, Alpine Bank Wealth Management acquired a new position in S&P Global in the 1st quarter worth approximately $33,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other S&P Global 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 value of $255,215.00. Following the transaction, the executive vice president owned 5,131 shares in the company, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on SPGI. Argus upgraded shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Robert W. Baird cut their price target on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Oppenheimer increased their price target on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. UBS Group increased their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Finally, Barclays increased their price target on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $611.69.

S&P Global Stock Performance

Shares of NYSE SPGI traded down $4.98 during midday trading on Friday, reaching $546.12. 1,118,787 shares of the stock were exchanged, compared to its average volume of 1,288,009. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $558.86. The firm has a market cap of $167.49 billion, a price-to-earnings ratio of 42.88, a PEG ratio of 2.55 and a beta of 1.19. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm has a 50-day simple moving average of $519.96 and a two-hundred day simple moving average of $508.64.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.18 by $0.25. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the firm posted $4.04 EPS. The business's revenue was up 5.8% on a year-over-year basis. As a group, analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be issued a $0.96 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.7%. 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.