Stevens Capital Management LP Sells 926 Shares of S&P Global Inc. (NYSE:SPGI)

Key Points

• Stevens Capital Management LP reduced its stake in S&P Global Inc. by 25.1%, owning 2,761 shares worth $1,403,000 after selling 926 shares in the first quarter.
• S&P Global's recent quarterly earnings report showed an EPS of $4.37, surpassing analysts’ expectations, with revenue totaling $3.78 billion, a year-over-year increase of 8.2%.
• The company announced a quarterly dividend of $0.96 per share, with a payout ratio of 30.16%, reflecting ongoing confidence in its financial stability.

Stevens Capital Management LP decreased its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 25.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,761 shares of the business services provider's stock after selling 926 shares during the quarter. Stevens Capital Management LP's holdings in S&P Global were worth $1,403,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Minot DeBlois Advisors LLC acquired a new position in shares of S&P Global in the 4th quarter valued at $25,000. Anderson Financial Strategies LLC bought a new position in S&P Global during the 4th quarter worth about $27,000. Smallwood Wealth Investment Management LLC bought a new position in S&P Global during the 1st quarter worth about $28,000. CBIZ Investment Advisory Services LLC increased its holdings in S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after purchasing an additional 31 shares in the last quarter. Finally, Alpine Bank Wealth Management bought a new position in S&P Global during the 1st quarter worth about $33,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Insider Buying and Selling

In other 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 completion of the sale, the executive vice president owned 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 legal filing with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SPGI shares. Argus upgraded S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Stifel Nicolaus lowered their target price on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. increased their target price on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Bank of America started coverage on S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective for the company. Finally, UBS Group raised their price objective on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $601.07.

S&P Global Stock Performance

S&P Global stock traded up $2.39 during midday trading on Tuesday, reaching $532.80. 496,935 shares of the company's stock were exchanged, compared to its average volume of 1,276,837. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $163.41 billion, a price-to-earnings ratio of 41.86, a P/E/G ratio of 2.58 and a beta of 1.19. The stock's 50-day simple moving average is $518.61 and its 200 day simple moving average is $507.86.

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 EPS for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The business had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same quarter last year, the company posted $4.01 earnings per share. S&P Global's quarterly revenue was up 8.2% on a year-over-year basis. On average, analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared 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. This represents a $3.84 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's payout ratio is currently 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.