S&P Global Inc. (NYSE:SPGI) Position Trimmed by Sustainable Growth Advisers LP

Sustainable Growth Advisers LP cut its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 5.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,535,939 shares of the business services provider's stock after selling 95,272 shares during the period. S&P Global comprises about 4.4% of Sustainable Growth Advisers LP's investment portfolio, making the stock its 7th biggest position. Sustainable Growth Advisers LP owned approximately 0.50% of S&P Global worth $780,411,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Minot DeBlois Advisors LLC purchased a new position in S&P Global in the fourth quarter worth about $25,000. Anderson Financial Strategies LLC purchased a new stake in shares of S&P Global in the fourth quarter valued at approximately $27,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of S&P Global in the first quarter valued at approximately $28,000. CBIZ Investment Advisory Services LLC boosted its holdings in shares of S&P Global by 103.3% in the first 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 period. Finally, Hazlett Burt & Watson Inc. boosted its holdings 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 purchasing an additional 38 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the sale, the executive vice president directly owned 5,131 shares in the company, valued at $2,619,016.33. This trade represents a 8.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.10% of the company's stock.

S&P Global Stock Up 1.1%

Shares of SPGI traded up $5.79 during midday trading on Thursday, hitting $531.45. 1,023,983 shares of the company's stock traded hands, compared to its average volume of 1,289,050. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $545.39. The firm's fifty day moving average is $518.00 and its 200-day moving average is $506.81. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $163.00 billion, a price-to-earnings ratio of 41.75, a price-to-earnings-growth ratio of 2.49 and a beta of 1.19.

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 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 quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $4.01 EPS. As a group, sell-side analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.72%. The ex-dividend date is Tuesday, August 26th. S&P Global's dividend payout ratio is currently 30.16%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Morgan Stanley boosted their price target on S&P Global from $587.00 to $595.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Argus upgraded S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Wells Fargo & Company boosted their price target on S&P Global from $627.00 to $632.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Oppenheimer boosted their price target on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Finally, Robert W. Baird lowered their target price on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, S&P Global currently has an average rating of "Moderate Buy" and an average price target of $601.07.

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.