S&P Global Inc. (NYSE:SPGI) Stock Holdings Lessened by Select Equity Group L.P.

Select Equity Group L.P. cut its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 21.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 97,574 shares of the business services provider's stock after selling 26,531 shares during the quarter. Select Equity Group L.P.'s holdings in S&P Global were worth $48,595,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGI. Norges Bank acquired a new stake in S&P Global during the fourth quarter worth about $1,725,084,000. Raymond James Financial Inc. acquired a new position in S&P Global during the fourth quarter worth about $527,207,000. Proficio Capital Partners LLC boosted its position in S&P Global by 71,024.1% during the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock worth $308,525,000 after acquiring an additional 618,620 shares during the last quarter. Northern Trust Corp boosted its position in S&P Global by 19.1% during the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after acquiring an additional 525,347 shares during the last quarter. Finally, BlueSpruce Investments LP acquired a new position in S&P Global in the 4th quarter valued at about $178,858,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other S&P Global news, EVP Sally Moore sold 500 shares of the 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 directly owns 5,131 shares in the company, valued at $2,619,016.33. This represents a 8.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is owned by insiders.

S&P Global Trading Down 0.4%

Shares of NYSE:SPGI traded down $2.21 during trading on Tuesday, reaching $522.07. The stock had a trading volume of 1,279,124 shares, compared to its average volume of 1,220,675. The business has a fifty day moving average price of $488.84 and a 200-day moving average price of $502.98. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a market cap of $160.12 billion, a P/E ratio of 42.27, a PEG ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a fifty-two week low of $419.49 and a fifty-two week high of $545.39.

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 EPS for the quarter, topping 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 analyst estimates of $3.72 billion. During the same quarter in the prior year, the business posted $4.01 earnings per share. S&P Global's revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. UBS Group upped their price objective on shares of S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Robert W. Baird reduced their price objective on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. reduced their target price on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Wells Fargo & Company raised their price objective on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley lifted their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.