Toronto Dominion Bank Sells 79,112 Shares of S&P Global Inc. (NYSE:SPGI)

Toronto Dominion Bank decreased its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 49.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 82,271 shares of the business services provider's stock after selling 79,112 shares during the quarter. Toronto Dominion Bank's holdings in S&P Global were worth $40,972,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Brookstone Capital Management purchased a new position in shares of S&P Global in the 4th quarter worth $272,000. Goldstone Financial Group LLC lifted its holdings in S&P Global by 10.0% in the fourth quarter. Goldstone Financial Group LLC now owns 561 shares of the business services provider's stock valued at $279,000 after acquiring an additional 51 shares during the period. Procyon Advisors LLC grew its stake in shares of S&P Global by 8.2% during the 4th quarter. Procyon Advisors LLC now owns 3,166 shares of the business services provider's stock valued at $1,577,000 after purchasing an additional 241 shares during the period. Chemistry Wealth Management LLC grew its stake in shares of S&P Global by 4.1% during the 4th quarter. Chemistry Wealth Management LLC now owns 4,766 shares of the business services provider's stock valued at $2,374,000 after purchasing an additional 186 shares during the period. Finally, Wedge Capital Management L L P NC increased its position in shares of S&P Global by 4.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider's stock valued at $265,000 after purchasing an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

Insider Buying and Selling

In related news, EVP Sally Moore sold 500 shares of the business's stock in a transaction 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 sale, the executive vice president now owns 5,131 shares in the company, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

SPGI has been the topic of a number of research reports. UBS Group raised their price objective on shares of S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Morgan Stanley upped their price objective on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. BMO Capital Markets raised their target price on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Stifel Nicolaus reduced their price target on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Finally, Argus raised S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, S&P Global currently has a consensus rating of "Moderate Buy" and an average price target of $592.71.

S&P Global Price Performance

SPGI traded down $12.87 during trading on Wednesday, reaching $510.07. 1,501,415 shares of the company traded hands, compared to its average volume of 1,220,615. The company has a market cap of $156.44 billion, a P/E ratio of 41.30, a PEG ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a 12-month low of $419.49 and a 12-month high of $545.39. The firm has a fifty day simple moving average of $489.70 and a 200 day simple moving average of $503.11.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. S&P Global's quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the company posted $4.01 earnings per share. On average, equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be issued a $0.96 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. S&P Global's dividend payout ratio (DPR) is 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.