S&P Global Inc. (NYSE:SPGI) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC reduced its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 16.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,587 shares of the business services provider's stock after selling 1,476 shares during the period. OneDigital Investment Advisors LLC's holdings in S&P Global were worth $3,855,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock valued at $1,582,000 after buying an additional 143 shares in the last quarter. Bank Pictet & Cie Europe AG grew its position in S&P Global by 3.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock valued at $37,093,000 after acquiring an additional 2,413 shares in the last quarter. GHE LLC increased its stake in 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 purchasing an additional 274 shares during the period. Assetmark Inc. increased its stake in S&P Global by 25.3% during the fourth quarter. Assetmark Inc. now owns 1,626 shares of the business services provider's stock worth $810,000 after purchasing an additional 328 shares during the period. Finally, Proficio Capital Partners LLC boosted its position in S&P Global by 42.8% in the 4th quarter. Proficio Capital Partners LLC now owns 1,244 shares of the business services provider's stock valued at $619,000 after buying an additional 373 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

Insider Activity at S&P Global

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 transaction, the executive vice president directly owned 5,131 shares of the company's stock, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SPGI has been the topic of several research analyst reports. UBS Group raised their target price on S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Robert W. Baird dropped 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 research note on Wednesday, April 30th. Oppenheimer upped their price objective on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. dropped 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 report on Wednesday, April 16th. Finally, Stifel Nicolaus decreased their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $593.93.

S&P Global Trading Up 0.3%

Shares of SPGI traded up $1.77 during mid-day trading on Monday, hitting $531.38. The company had a trading volume of 177,125 shares, compared to its average volume of 1,231,170. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $545.39. 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 business's 50-day simple moving average is $512.34 and its 200-day simple moving average is $504.53. The stock has a market cap of $162.97 billion, a PE ratio of 41.75, a P/E/G ratio of 2.58 and a beta of 1.19.

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 EPS for the quarter, topping the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The firm's revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $4.01 earnings per share. Sell-side analysts forecast 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 announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.72%. S&P Global's payout ratio is 30.16%.

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.