S&P Global Inc. (NYSE:SPGI) Shares Sold by Candriam S.C.A.

Candriam S.C.A. reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 11.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 120,485 shares of the business services provider’s stock after selling 14,841 shares during the quarter. Candriam S.C.A.’s holdings in S&P Global were worth $53,734,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SPGI. Janney Capital Management LLC increased its position in shares of S&P Global by 2.7% during the fourth quarter. Janney Capital Management LLC now owns 17,429 shares of the business services provider’s stock valued at $7,678,000 after acquiring an additional 461 shares during the last quarter. Artisan Partners Limited Partnership raised its position in S&P Global by 15.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,403,726 shares of the business services provider’s stock valued at $618,369,000 after purchasing an additional 190,758 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in S&P Global by 107.2% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock worth $2,798,000 after purchasing an additional 2,962 shares in the last quarter. Stifel Financial Corp boosted its position in shares of S&P Global by 1.1% during the fourth quarter. Stifel Financial Corp now owns 475,930 shares of the business services provider’s stock worth $209,670,000 after buying an additional 5,087 shares during the period. Finally, AAFMAA Wealth Management & Trust LLC acquired a new stake in shares of S&P Global in the first quarter valued at $1,222,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

SPGI stock opened at $510.64 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $159.78 billion, a P/E ratio of 57.25, a PEG ratio of 2.67 and a beta of 1.16. The business has a 50 day simple moving average of $486.64 and a 200-day simple moving average of $448.58. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $521.50.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, topping the consensus estimate of $3.67 by $0.37. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter in the prior year, the firm earned $3.12 earnings per share. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. As a group, equities analysts anticipate that S&P Global Inc. will post 14.57 EPS for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be given a $0.91 dividend. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a yield of 0.71%. S&P Global’s dividend payout ratio (DPR) is 40.81%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SPGI shares. Morgan Stanley increased their target price on S&P Global from $530.00 to $564.00 and gave the stock an “overweight” rating in a research note on Thursday. Oppenheimer raised their price objective on shares of S&P Global from $486.00 to $540.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. upped their target price on shares of S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. BMO Capital Markets increased their price objective on S&P Global from $532.00 to $537.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company raised S&P Global to a “strong-buy” rating in a research note on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $535.25.

Insiders Place Their Bets

In other news, CEO Douglas L. Peterson sold 7,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the completion of the transaction, the chief executive officer now directly owns 154,912 shares of the company’s stock, valued at approximately $74,915,443.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Douglas L. Peterson sold 7,000 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the sale, the chief executive officer now owns 154,912 shares of the company’s stock, valued at $74,915,443.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Steven J. Kemps sold 2,700 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the completion of the sale, the executive vice president now owns 1,455 shares in the company, valued at approximately $715,205.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,862 shares of company stock worth $8,645,727. 0.10% of the stock is owned by insiders.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.