S&P Global Inc. (NYSE:SPGI) Holdings Decreased by Bank of Stockton

Bank of Stockton lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 4.7% in the first quarter, HoldingsChannel.com reports. The firm owned 713 shares of the business services provider’s stock after selling 35 shares during the period. Bank of Stockton’s holdings in S&P Global were worth $362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of S&P Global during the 4th quarter valued at about $1,725,084,000. GAMMA Investing LLC boosted its stake in S&P Global by 60,982.3% in the first quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider’s stock valued at $1,086,877,000 after acquiring an additional 2,135,599 shares during the period. Raymond James Financial Inc. bought a new position in shares of S&P Global during the fourth quarter valued at approximately $527,207,000. Proficio Capital Partners LLC raised its position in shares of S&P Global by 71,024.1% during the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock worth $308,525,000 after purchasing an additional 618,620 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of S&P Global by 19.1% in 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. Institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling at S&P Global

In other news, EVP Sally Moore sold 500 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 5,131 shares of the company’s stock, valued at $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

S&P Global Stock Down 0.3%

SPGI stock opened at $521.29 on Thursday. The firm has a market cap of $159.88 billion, a PE ratio of 40.95, a P/E/G ratio of 2.55 and a beta of 1.20. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $545.39. The firm has a 50 day simple moving average of $504.21 and a 200 day simple moving average of $503.51. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $4.23 by $0.14. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. S&P Global’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the company posted $4.01 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.74%. S&P Global’s payout ratio is 30.16%.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of recent research reports. Bank of America started coverage on S&P Global in a research note on Thursday, April 10th. They set a “buy” rating and a $600.00 price objective for the company. Wells Fargo & Company upped their price target 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. UBS Group lifted their price objective on shares of S&P Global from $555.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Robert W. Baird dropped their price target on shares of S&P Global from $616.00 to $589.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Finally, Stifel Nicolaus decreased their price objective on S&P Global from $629.00 to $603.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $592.71.

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.