C Partners Holding GmbH Sells 708 Shares of S&P Global Inc. (NYSE:SPGI)

C Partners Holding GmbH trimmed its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,641 shares of the business services provider's stock after selling 708 shares during the period. S&P Global comprises about 2.3% of C Partners Holding GmbH's investment portfolio, making the stock its 12th biggest position. C Partners Holding GmbH's holdings in S&P Global were worth $9,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Anderson Financial Strategies LLC bought a new stake in shares of S&P Global in the 4th quarter worth approximately $27,000. Human Investing LLC acquired a new position in shares of S&P Global in the fourth quarter valued at $30,000. Noble Wealth Management PBC bought a new position in S&P Global in the fourth quarter worth $31,000. Hazlett Burt & Watson Inc. boosted its stake in S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after buying an additional 38 shares in the last quarter. Finally, Sound Income Strategies LLC increased its holdings in S&P Global by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock valued at $36,000 after buying an additional 63 shares during the period. Institutional investors own 87.17% of the company's stock.

Insiders Place Their Bets

In related news, EVP Sally Moore sold 500 shares of the firm'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 sale, the executive vice president now directly owns 5,131 shares in the company, valued at $2,619,016.33. This trade represents a 8.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

SPGI has been the topic of several recent research reports. Robert W. Baird decreased their target price on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Wells Fargo & Company upped their price objective on S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. JPMorgan Chase & Co. cut their target price on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Mizuho assumed coverage on S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price target on the stock. Finally, Stifel Nicolaus cut their price objective on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, S&P Global currently has a consensus rating of "Moderate Buy" and an average target price of $592.71.

S&P Global Trading Down 0.0 %

Shares of NYSE:SPGI traded down $0.17 during midday trading on Friday, hitting $507.44. The company had a trading volume of 941,827 shares, compared to its average volume of 1,223,689. The stock has a market cap of $155.63 billion, a price-to-earnings ratio of 41.09, a PEG ratio of 2.41 and a beta of 1.23. 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 $486.24 and a 200 day simple moving average of $501.53. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34.

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

S&P Global Announces Dividend

The firm also recently announced 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. The ex-dividend date is Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a yield of 0.76%. S&P Global's payout ratio 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.