Gotham Asset Management LLC Sells 819 Shares of S&P Global Inc. (NYSE:SPGI)

Gotham Asset Management LLC decreased its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,854 shares of the business services provider's stock after selling 819 shares during the quarter. Gotham Asset Management LLC's holdings in S&P Global were worth $10,386,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Graham Capital Management L.P. bought a new position in S&P Global in the fourth quarter worth approximately $14,040,000. Focus Partners Wealth grew its position in S&P Global by 32.2% in the 4th quarter. Focus Partners Wealth now owns 215,527 shares of the business services provider's stock valued at $107,690,000 after purchasing an additional 52,505 shares during the period. Fullerton Fund Management Co Ltd. grew its position in S&P Global by 4,126.9% in the 4th quarter. Fullerton Fund Management Co Ltd. now owns 118,270 shares of the business services provider's stock valued at $58,902,000 after purchasing an additional 115,472 shares during the period. Ethic Inc. increased its stake in S&P Global by 11.9% during the 4th quarter. Ethic Inc. now owns 49,289 shares of the business services provider's stock valued at $24,548,000 after purchasing an additional 5,258 shares in the last quarter. Finally, Ewing Morris & Co. Investment Partners Ltd. acquired a new position in S&P Global during the fourth quarter worth $1,656,000. Institutional investors own 87.17% of the company's stock.

Insiders Place Their Bets

In other S&P Global news, EVP Sally Moore sold 500 shares of the stock in a transaction dated 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 transaction, the executive vice president now 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 document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.10% of the company's stock.

S&P Global Stock Performance

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 1,222,452. The firm has a market capitalization of $159.44 billion, a price-to-earnings ratio of 42.09, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The firm has a 50-day moving average price of $486.48 and a two-hundred day moving average price of $501.96. 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 52 week low of $419.49 and a 52 week high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $3.72 billion. During the same period in the previous year, the company earned $4.01 earnings per share. The company's quarterly revenue was up 8.2% on a year-over-year basis. Analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.74%. The ex-dividend date is Wednesday, May 28th. S&P Global's dividend payout ratio (DPR) is 30.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. decreased 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 report on Wednesday, April 16th. Robert W. Baird cut their price target on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Bank of America initiated coverage on S&P Global in a report on Thursday, April 10th. They set a "buy" rating and a $600.00 price objective for the company. BMO Capital Markets raised their target price on S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, StockNews.com cut S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $592.71.

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.