Logan Capital Management Inc. Sells 540 Shares of S&P Global Inc. (NYSE:SPGI)

Logan Capital Management Inc. lessened its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,662 shares of the business services provider's stock after selling 540 shares during the period. Logan Capital Management Inc.'s holdings in S&P Global were worth $11,287,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPGI. Anderson Financial Strategies LLC acquired a new stake in shares of S&P Global in the fourth quarter valued at approximately $27,000. Human Investing LLC acquired a new stake in shares of S&P Global in the 4th quarter valued at approximately $30,000. Noble Wealth Management PBC acquired a new position in S&P Global during the fourth quarter worth $31,000. Hazlett Burt & Watson Inc. lifted its stake in 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 acquiring an additional 38 shares during the last quarter. Finally, Sound Income Strategies LLC increased its stake in shares of S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock worth $36,000 after purchasing an additional 63 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Insider Activity

In other S&P Global 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 transaction, the executive vice president now owns 5,131 shares in the company, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Mizuho started coverage on S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective for the company. Wells Fargo & Company raised their target price on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Morgan Stanley lifted their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. StockNews.com cut shares of S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. decreased 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. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $592.71.

S&P Global Trading Up 1.5%

Shares of NYSE:SPGI traded up $7.93 during mid-day trading on Thursday, reaching $519.87. 1,207,577 shares of the company's stock were exchanged, compared to its average volume of 1,222,254. The business's fifty day moving average price is $486.48 and its 200-day moving average price is $501.96. S&P Global Inc. has a twelve month low of $419.49 and a twelve month high of $545.39. The firm has a market capitalization of $159.44 billion, a price-to-earnings ratio of 42.09, 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 (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.14. The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The company's revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.01 earnings per share. On average, research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business 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 dividend of $0.96 per share. The ex-dividend date is Wednesday, May 28th. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. S&P Global's dividend payout ratio is currently 30.16%.

About S&P Global

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.