Hudson Way Capital Management LLC Trims Position in S&P Global Inc. (NYSE:SPGI)

Hudson Way Capital Management LLC lessened its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 6.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,334 shares of the business services provider's stock after selling 5,510 shares during the quarter. S&P Global accounts for about 4.9% of Hudson Way Capital Management LLC's investment portfolio, making the stock its 10th largest position. Hudson Way Capital Management LLC's holdings in S&P Global were worth $42,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in shares of S&P Global by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock valued at $3,273,264,000 after purchasing an additional 116,208 shares in the last quarter. Norges Bank acquired a new position in shares of S&P Global during the fourth quarter worth $1,725,084,000. Northern Trust Corp raised its position in S&P Global by 19.1% during the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after purchasing an additional 525,347 shares during the last quarter. Amundi lifted its stake in shares of S&P Global by 6.6% in the 4th quarter. Amundi now owns 2,345,377 shares of the business services provider's stock valued at $1,162,979,000 after purchasing an additional 145,434 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in S&P Global by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,999,467 shares of the business services provider's stock worth $995,795,000 after purchasing an additional 62,770 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

SPGI stock traded down $3.48 on Wednesday, hitting $512.09. The company had a trading volume of 1,607,743 shares, compared to its average volume of 1,222,413. The stock's 50-day simple moving average is $486.18 and its 200 day simple moving average is $501.89. The stock has a market cap of $157.06 billion, a price-to-earnings ratio of 41.46, a P/E/G 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 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 quarterly 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. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The business had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. During the same quarter last year, the company posted $4.01 EPS. The company's revenue was up 8.2% compared to the same quarter last year. As a group, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global's dividend payout ratio (DPR) is 30.16%.

Analyst Ratings Changes

A number of equities analysts have issued reports on SPGI shares. Evercore ISI lifted their price target on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. StockNews.com lowered shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Stifel Nicolaus lowered their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Wells Fargo & Company boosted their price target on shares of S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Finally, 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. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $592.71.

Insider Activity at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction on Monday, May 5th. The shares were sold at an average price of $510.43, for a total value of $255,215.00. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is owned by corporate insiders.

S&P Global 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.