S&P Global Inc. (NYSE:SPGI) Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 3.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 89,415 shares of the business services provider's stock after selling 3,427 shares during the quarter. Truist Financial Corp's holdings in S&P Global were worth $45,432,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SPGI. Minot DeBlois Advisors LLC purchased a new stake in S&P Global during the fourth quarter worth $25,000. Anderson Financial Strategies LLC purchased a new stake in S&P Global during the fourth quarter worth $27,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of S&P Global in the first quarter valued at $28,000. Hazlett Burt & Watson Inc. lifted its position in shares of S&P Global by 131.0% in the fourth 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 in the last quarter. Finally, Alpine Bank Wealth Management purchased a new stake in shares of S&P Global in the first quarter valued at $33,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Trading Up 0.1%

S&P Global stock traded up $0.42 during trading on Monday, hitting $530.03. The company's stock had a trading volume of 872,582 shares, compared to its average volume of 1,233,856. The stock's fifty day moving average is $512.34 and its 200 day moving average is $504.53. The stock has a market capitalization of $162.56 billion, a price-to-earnings ratio of 41.64, a P/E/G ratio of 2.58 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. The business had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.01 EPS. As a group, equities research analysts predict that S&P Global Inc. will post 17.11 EPS 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 given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

Insider Transactions at S&P Global

In related news, EVP Sally Moore sold 500 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were 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 of the company's stock, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Stifel Nicolaus reduced their price objective on 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. Bank of America assumed 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. Robert W. Baird reduced their price objective on 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. Argus upgraded S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. reduced 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. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $593.57.

S&P Global 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.