S&P Global Inc. (NYSE:SPGI) Stock Holdings Lessened by Blair William & Co. IL

Key Points

• Blair William & Co. IL has reduced its holdings in S&P Global Inc. by 0.3%, now owning approximately 205,876 shares worth $104.6 million.
• Analysts have varying perspectives on S&P Global's stock, with prices targets ranging from $589 to $660 and a consensus average rating of "Moderate Buy."
• The company reported earnings of $4.43 per share for the last quarter, exceeding expectations and showing a year-over-year revenue increase of 5.8%.

Blair William & Co. IL reduced its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 0.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 205,876 shares of the business services provider's stock after selling 613 shares during the quarter. Blair William & Co. IL owned approximately 0.07% of S&P Global worth $104,606,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SPGI. Minot DeBlois Advisors LLC bought a new stake in S&P Global in the 4th quarter valued at about $25,000. Cheviot Value Management LLC bought a new stake in S&P Global in the 1st quarter valued at about $26,000. Anderson Financial Strategies LLC bought a new stake in S&P Global in the 4th quarter valued at about $27,000. Smallwood Wealth Investment Management LLC bought a new stake in S&P Global in the 1st quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock valued at $31,000 after purchasing an additional 31 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on SPGI shares. Robert W. Baird cut their price objective 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. UBS Group lifted their price objective 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, July 8th. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Stifel Nicolaus cut 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. Finally, Wells Fargo & Company raised their target price on shares of S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, S&P Global presently has an average rating of "Moderate Buy" and a consensus target price of $611.69.

S&P Global Stock Performance

Shares of SPGI opened at $544.86 on Friday. The firm's 50 day moving average is $520.65 and its 200-day moving average is $509.15. The stock has a market capitalization of $167.11 billion, a P/E ratio of 41.91, a P/E/G ratio of 2.63 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 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 $558.86.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.25. The company had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.04 EPS. Equities research 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 announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio (DPR) is 30.16%.

Insider Buying and Selling at S&P Global

In other news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction that occurred 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 transaction, the executive vice president directly owned 5,131 shares of the company's stock, valued at $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.10% of the stock is currently owned by company insiders.

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.

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