Pathstone Holdings LLC Has $26.04 Million Position in S&P Global Inc. (NYSE:SPGI)

Pathstone Holdings LLC lowered its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,285 shares of the business services provider's stock after selling 2,258 shares during the period. Pathstone Holdings LLC's holdings in S&P Global were worth $26,041,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Minot DeBlois Advisors LLC acquired a new position in shares of S&P Global in the fourth quarter valued at approximately $25,000. Anderson Financial Strategies LLC acquired a new position in S&P Global during the 4th quarter valued at about $27,000. Human Investing LLC bought a new position in shares of S&P Global during the fourth quarter valued at about $30,000. Noble Wealth Management PBC purchased a new stake in shares of S&P Global during the 4th quarter valued at $31,000. Finally, Hazlett Burt & Watson Inc. raised its holdings in shares of S&P Global by 131.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after purchasing an additional 38 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Sally Moore sold 500 shares of the business'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 completion of the sale, the executive vice president now directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on 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. Mizuho assumed coverage on S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price target on the stock. Evercore ISI raised their price target on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Bank of America initiated coverage on S&P Global in a research report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective on the stock. Finally, BMO Capital Markets raised their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $592.71.

S&P Global Trading Down 0.7%

Shares of SPGI opened at $512.09 on Thursday. S&P Global Inc. has a 1-year low of $419.49 and a 1-year high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The company has a 50-day moving average of $486.48 and a 200 day moving average of $501.96. The firm has a market capitalization of $157.06 billion, a price-to-earnings ratio of 41.46, a PEG ratio of 2.41 and a beta of 1.23.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share 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 return on equity of 14.33% and a net margin of 27.12%. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $4.01 EPS. On average, research analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

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

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