Perpetual Ltd Sells 9,812 Shares of S&P Global Inc. (NYSE:SPGI)

Perpetual Ltd decreased its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 6.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 149,014 shares of the business services provider's stock after selling 9,812 shares during the quarter. Perpetual Ltd's holdings in S&P Global were worth $75,714,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of S&P Global by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock worth $3,273,264,000 after acquiring an additional 116,208 shares during the period. Norges Bank purchased a new stake in S&P Global during the 4th quarter worth about $1,725,084,000. Northern Trust Corp boosted its stake in S&P Global by 19.1% in the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after purchasing an additional 525,347 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in S&P Global by 13.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock valued at $1,529,653,000 after buying an additional 357,790 shares in the last quarter. Finally, Amundi grew its holdings in S&P Global by 6.6% during the 4th quarter. Amundi now owns 2,345,377 shares of the business services provider's stock valued at $1,162,979,000 after buying an additional 145,434 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

Insider Buying and Selling at S&P Global

In related news, EVP Sally Moore sold 500 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president now owns 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.10% of the company's stock.

S&P Global Price Performance

NYSE SPGI traded up $3.21 on Friday, reaching $518.23. 2,251,581 shares of the company's stock traded hands, compared to its average volume of 1,237,388. 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 Inc. has a 12 month low of $427.14 and a 12 month high of $545.39. The stock has a 50-day simple moving average of $505.28 and a 200 day simple moving average of $503.52. The stock has a market cap of $158.94 billion, a PE ratio of 40.71, a P/E/G ratio of 2.54 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the business posted $4.01 earnings per share. The company's revenue was up 8.2% on a year-over-year basis. As a group, research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend 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%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Robert W. Baird cut their price objective on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Stifel Nicolaus cut their price target on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company boosted their price target on shares of S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Bank of America started coverage on S&P Global in a research report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective on the stock. Finally, UBS Group boosted 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. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of "Moderate Buy" and an average price target of $592.71.

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.