Voloridge Investment Management LLC Decreases Position in S&P Global Inc. (NYSE:SPGI)

Voloridge Investment Management LLC cut its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 54.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,886 shares of the business services provider's stock after selling 146,819 shares during the quarter. Voloridge Investment Management LLC's holdings in S&P Global were worth $62,197,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Wedge Capital Management L L P NC lifted its position in S&P Global by 4.5% during the fourth 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 period. Ameritas Advisory Services LLC boosted its position in S&P Global by 96.6% in the fourth quarter. Ameritas Advisory Services LLC now owns 1,056 shares of the business services provider's stock worth $526,000 after purchasing an additional 519 shares during the last quarter. City Holding Co. grew its stake in shares of S&P Global by 1.1% during the 4th quarter. City Holding Co. now owns 2,375 shares of the business services provider's stock valued at $1,183,000 after purchasing an additional 27 shares during the period. UMB Bank n.a. increased its position in shares of S&P Global by 1.9% during the 4th quarter. UMB Bank n.a. now owns 7,834 shares of the business services provider's stock valued at $3,902,000 after purchasing an additional 144 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its position in shares of S&P Global by 71.3% during the 4th quarter. Harbor Investment Advisory LLC now owns 2,062 shares of the business services provider's stock valued at $1,027,000 after purchasing an additional 858 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

Insider Buying and Selling at S&P Global

In other news, EVP Sally Moore sold 500 shares of the company'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 sale, the executive vice president now directly owns 5,131 shares of the company's stock, valued at $2,619,016.33. This represents a 8.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Bank of America initiated coverage on shares of S&P Global in a research note on Thursday, April 10th. They set a "buy" rating and a $600.00 price target on the stock. JPMorgan Chase & Co. lowered their target price on S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Wall Street Zen lowered S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Argus raised S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Finally, Mizuho initiated coverage on S&P Global in a research note on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective for the company. 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 company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $592.71.

S&P Global Price Performance

SPGI stock traded down $0.95 during midday trading on Monday, hitting $510.37. The company's stock had a trading volume of 1,293,925 shares, compared to its average volume of 1,223,378. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12 month low of $419.49 and a 12 month high of $545.39. The company has a 50 day moving average of $490.91 and a two-hundred day moving average of $503.62. The firm has a market capitalization of $156.53 billion, a price-to-earnings ratio of 41.33, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23.

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

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.75%. The ex-dividend date is Wednesday, May 28th. 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.