Twinbeech Capital LP Sells 50,510 Shares of S&P Global Inc. (NYSE:SPGI)

Twinbeech Capital LP reduced its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 97.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,141 shares of the business services provider's stock after selling 50,510 shares during the quarter. Twinbeech Capital LP's holdings in S&P Global were worth $568,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Triglav Skladi D.O.O. bought a new stake in S&P Global in the fourth quarter worth about $981,000. Tidal Investments LLC raised its position in S&P Global by 91.8% in the fourth quarter. Tidal Investments LLC now owns 57,587 shares of the business services provider's stock worth $28,680,000 after acquiring an additional 27,565 shares during the period. Triavera Capital LLC bought a new stake in S&P Global in the fourth quarter worth about $10,735,000. State of Wyoming raised its position in S&P Global by 94.8% in the fourth quarter. State of Wyoming now owns 261 shares of the business services provider's stock worth $130,000 after acquiring an additional 127 shares during the period. Finally, Stonebrook Private Inc. increased its stake in shares of S&P Global by 6.0% in the fourth quarter. Stonebrook Private Inc. now owns 2,069 shares of the business services provider's stock worth $1,030,000 after purchasing an additional 117 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

Insider Transactions at S&P Global

In related news, EVP Sally Moore sold 500 shares of the company's stock in a transaction 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 now directly owns 5,131 shares in the company, valued at $2,619,016.33. This represents a 8.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.10% of the company's stock.

S&P Global Price Performance

SPGI stock traded down $2.82 during midday trading on Wednesday, reaching $512.93. The company had a trading volume of 220,418 shares, compared to its average volume of 1,218,105. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a 1 year low of $419.49 and a 1 year high of $545.39. The company has a market capitalization of $157.31 billion, a P/E ratio of 41.53, a P/E/G ratio of 2.41 and a beta of 1.23. The firm has a 50-day moving average price of $491.60 and a 200-day moving average price of $503.77.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The business's quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $4.01 EPS. On average, research analysts anticipate 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 disclosed 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 of this dividend is Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. S&P Global's payout ratio is 30.16%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SPGI shares. JPMorgan Chase & Co. reduced their target price on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Evercore ISI lifted their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. UBS Group lifted their target price on shares of S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Wall Street Zen downgraded shares of S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, Bank of America started coverage on shares of S&P Global in a research note on Thursday, April 10th. They issued a "buy" rating and a $600.00 target price for the company. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $592.71.

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.