Capital International Sarl Sells 1,285 Shares of S&P Global Inc. (NYSE:SPGI)

Capital International Sarl cut its stake in S&P Global Inc. (NYSE:SPGIGet Rating) by 6.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,779 shares of the business services provider’s stock after selling 1,285 shares during the period. Capital International Sarl’s holdings in S&P Global were worth $7,703,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of SPGI. Vanguard Group Inc. raised its stake in shares of S&P Global by 44.5% in the first quarter. Vanguard Group Inc. now owns 29,370,454 shares of the business services provider’s stock worth $12,047,173,000 after acquiring an additional 9,042,302 shares during the last quarter. BlackRock Inc. raised its stake in shares of S&P Global by 43.8% during the first quarter. BlackRock Inc. now owns 27,047,127 shares of the business services provider’s stock worth $11,094,191,000 after buying an additional 8,234,255 shares during the last quarter. State Street Corp raised its stake in shares of S&P Global by 45.0% during the first quarter. State Street Corp now owns 16,352,445 shares of the business services provider’s stock worth $6,707,446,000 after buying an additional 5,078,366 shares during the last quarter. TCI Fund Management Ltd. raised its stake in shares of S&P Global by 82.1% during the first quarter. TCI Fund Management Ltd. now owns 6,823,072 shares of the business services provider’s stock worth $2,798,688,000 after buying an additional 3,075,788 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of S&P Global by 47.8% during the first quarter. Wellington Management Group LLP now owns 8,476,209 shares of the business services provider’s stock worth $3,476,772,000 after buying an additional 2,742,007 shares during the last quarter. 88.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SPGI shares. Deutsche Bank Aktiengesellschaft dropped their price target on shares of S&P Global from $483.00 to $418.00 in a research note on Thursday, June 2nd. Robert W. Baird dropped their price target on shares of S&P Global from $472.00 to $414.00 and set an “outperform” rating for the company in a research note on Thursday, June 2nd. Oppenheimer boosted their price target on shares of S&P Global from $404.00 to $419.00 and gave the stock an “outperform” rating in a research note on Monday, August 29th. Atlantic Securities dropped their price target on shares of S&P Global from $440.00 to $375.00 and set a “neutral” rating for the company in a research note on Wednesday, June 8th. Finally, BMO Capital Markets dropped their price target on shares of S&P Global from $433.00 to $365.00 in a research note on Thursday, June 2nd. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $416.43.

S&P Global Stock Down 1.5 %

S&P Global stock opened at $351.16 on Thursday. The stock has a market capitalization of $117.11 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 2.68 and a beta of 1.05. S&P Global Inc. has a twelve month low of $311.87 and a twelve month high of $484.21. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.27. The company has a 50 day moving average of $365.89 and a 200-day moving average of $367.01.

S&P Global (NYSE:SPGIGet Rating) last released its quarterly earnings results on Tuesday, August 2nd. The business services provider reported $2.81 earnings per share for the quarter, missing the consensus estimate of $2.91 by ($0.10). The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3 billion. S&P Global had a net margin of 38.49% and a return on equity of 17.22%. The firm’s quarterly revenue was up 42.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.62 EPS. On average, equities research analysts anticipate that S&P Global Inc. will post 11.49 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 26th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Thursday, August 25th. S&P Global’s dividend payout ratio (DPR) is presently 25.34%.

Insider Activity

In related news, insider Martina Cheung sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $385.78, for a total value of $1,157,340.00. Following the completion of the transaction, the insider now owns 6,783 shares of the company’s stock, valued at $2,616,745.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Martina Cheung sold 3,000 shares of S&P Global stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $385.78, for a total value of $1,157,340.00. Following the sale, the insider now owns 6,783 shares of the company’s stock, valued at $2,616,745.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Nancy Luquette sold 3,200 shares of S&P Global stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $367.49, for a total value of $1,175,968.00. Following the completion of the sale, the executive vice president now directly owns 2,467 shares in the company, valued at approximately $906,597.83. The disclosure for this sale can be found here. Insiders sold 27,150 shares of company stock worth $10,146,219 over the last quarter. 0.10% of the stock is currently owned by company insiders.

S&P Global Company Profile

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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 in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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