S&P Global Inc. (NYSE:SPGI) Shares Sold by Heritage Family Offices LLP

Heritage Family Offices LLP lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,049 shares of the business services provider’s stock after selling 27 shares during the quarter. Heritage Family Offices LLP’s holdings in S&P Global were worth $542,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. HWG Holdings LP purchased a new stake in shares of S&P Global in the 2nd quarter valued at $27,000. Sachetta LLC boosted its holdings in S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 30 shares during the period. Hobbs Group Advisors LLC acquired a new position in S&P Global in the 2nd quarter valued at about $31,000. First Pacific Financial increased its stake in S&P Global by 49.0% during the second quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock worth $33,000 after purchasing an additional 24 shares during the period. Finally, Ridgewood Investments LLC acquired a new stake in shares of S&P Global during the second quarter worth about $36,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Up 0.1 %

SPGI opened at $529.18 on Thursday. The business’s 50-day simple moving average is $510.85 and its 200-day simple moving average is $466.86. The company has a market cap of $165.58 billion, a P/E ratio of 59.33, a PEG ratio of 2.91 and a beta of 1.18. S&P Global Inc. has a one year low of $340.49 and a one year high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, beating the consensus estimate of $3.67 by $0.37. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.42 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The firm’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.12 earnings per share. As a group, equities research analysts expect that S&P Global Inc. will post 14.61 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.69%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Insider Buying and Selling at S&P Global

In other news, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $245,775.00. Following the sale, the insider now owns 13,217 shares in the company, valued at approximately $6,496,816.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Steven J. Kemps sold 2,700 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction 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 $715,205.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edouard Tavernier sold 500 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $245,775.00. Following the transaction, the insider now directly owns 13,217 shares in the company, valued at $6,496,816.35. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,862 shares of company stock worth $8,645,727 over the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the subject of a number of research reports. BMO Capital Markets lifted their price objective on shares of S&P Global from $537.00 to $589.00 and gave the company an “outperform” rating in a report on Tuesday. Wells Fargo & Company boosted their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Evercore ISI assumed coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective on the stock. Stifel Nicolaus boosted their target price on S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Bank of America upped their price target on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $565.17.

About S&P Global

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.