Ninety One UK Ltd Sells 37,681 Shares of S&P Global Inc. (NYSE:SPGI)

Ninety One UK Ltd trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 3.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 921,006 shares of the business services provider's stock after selling 37,681 shares during the quarter. S&P Global accounts for about 1.3% of Ninety One UK Ltd's portfolio, making the stock its 26th largest position. Ninety One UK Ltd owned 0.29% of S&P Global worth $467,963,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SPGI. Minot DeBlois Advisors LLC acquired a new position in shares of S&P Global in the 4th quarter worth approximately $25,000. Anderson Financial Strategies LLC acquired a new position in shares of S&P Global during the 4th quarter valued at $27,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of S&P Global during the 1st quarter valued at $28,000. Alpine Bank Wealth Management acquired a new position in shares of S&P Global during the 1st quarter valued at $33,000. Finally, Hazlett Burt & Watson Inc. lifted its position in shares of S&P Global by 131.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after acquiring an additional 38 shares during the period. 87.17% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Sally Moore sold 500 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $510.43, for a total value 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. This represents a 8.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.

S&P Global Stock Down 0.5%

Shares of NYSE SPGI traded down $2.78 during trading on Friday, hitting $527.05. The stock had a trading volume of 816,683 shares, compared to its average volume of 1,229,109. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $161.65 billion, a PE ratio of 41.40, a PEG ratio of 2.58 and a beta of 1.19. The firm has a fifty day moving average of $515.64 and a two-hundred day moving average of $505.48.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results 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 net margin of 27.27% and a return on equity of 14.68%. The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the business posted $4.01 EPS. The business's revenue was up 8.2% compared to the same quarter last year. As a group, equities research analysts forecast 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 will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.73%. S&P Global's payout ratio is 30.16%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Robert W. Baird dropped their target price on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Oppenheimer boosted their target price 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. Bank of America assumed coverage on shares of S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 target price on the stock. Morgan Stanley boosted their target price on shares of S&P Global from $587.00 to $595.00 and gave the company an "overweight" rating in a research report on Monday. Finally, UBS Group boosted 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 report on Tuesday. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, S&P Global currently has a consensus rating of "Moderate Buy" and an average price target of $596.79.

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.