S&P Global Inc. (NYSE:SPGI) Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,662 shares of the business services provider’s stock after selling 540 shares during the quarter. Logan Capital Management Inc.’s holdings in S&P Global were worth $11,287,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in shares of S&P Global by 1.8% during the 4th 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 stake in S&P Global during the fourth quarter valued at $1,725,084,000. Northern Trust Corp grew 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 valued at $1,631,568,000 after buying an additional 525,347 shares during the period. Amundi raised its position in shares of S&P Global by 6.6% in the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider’s stock worth $1,162,979,000 after acquiring an additional 145,434 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of 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 acquiring an additional 62,770 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

Shares of NYSE SPGI opened at $507.44 on Monday. The firm has a 50-day simple moving average of $486.24 and a 200-day simple moving average of $501.59. 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 capitalization of $155.63 billion, a price-to-earnings ratio of 41.09, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. 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) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.23 by $0.14. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the business earned $4.01 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. On average, equities analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Wednesday, May 28th. S&P Global’s dividend payout ratio (DPR) is presently 30.16%.

Analyst Ratings Changes

SPGI has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their price target on S&P Global from $618.00 to $565.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Robert W. Baird cut their price objective on S&P Global from $616.00 to $589.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Stifel Nicolaus decreased their target price on S&P Global from $629.00 to $603.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Bank of America initiated coverage on shares of S&P Global in a report on Thursday, April 10th. They issued a “buy” rating and a $600.00 price target for the company. Finally, Wells Fargo & Company increased their price objective on shares of S&P Global from $607.00 to $627.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $592.71.

Insider Transactions at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the sale, the executive vice president now owns 5,131 shares of the company’s stock, valued at $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

S&P Global Company 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.