S&P Global Inc. (NYSE:SPGI) Shares Sold by Sunbelt Securities Inc.

Sunbelt Securities Inc. lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI – Get Rating) by 8.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,287 shares of the business services provider’s stock after selling 113 shares during the quarter. Sunbelt Securities Inc.’s holdings in S&P Global were worth $393,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dark Forest Capital Management LP acquired a new stake in S&P Global during the 2nd quarter worth approximately $29,000. EdgeRock Capital LLC acquired a new stake in S&P Global during the 3rd quarter worth approximately $29,000. Rain Capital Management LLC increased its position in S&P Global by 38.2% during the 2nd quarter. Rain Capital Management LLC now owns 94 shares of the business services provider’s stock worth $32,000 after purchasing an additional 26 shares in the last quarter. New Millennium Group LLC acquired a new stake in S&P Global during the 2nd quarter worth approximately $32,000. Finally, MV Capital Management Inc. increased its position in S&P Global by 40.6% during the 3rd quarter. MV Capital Management Inc. now owns 135 shares of the business services provider’s stock worth $41,000 after purchasing an additional 39 shares in the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI opened at $339.90 on Friday. S&P Global Inc. has a 12-month low of $279.32 and a 12-month high of $423.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.94 and a quick ratio of 0.94. The business’s fifty day moving average price is $356.54 and its 200 day moving average price is $341.64. The stock has a market capitalization of $109.45 billion, a PE ratio of 32.37, a price-to-earnings-growth ratio of 2.17 and a beta of 1.12.

S&P Global (NYSE:SPGI – Get Rating) last issued its quarterly earnings data on Thursday, February 9th. The business services provider reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.47 by $0.07. S&P Global had a net margin of 29.05% and a return on equity of 9.84%. The business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.88 billion. During the same period in the previous year, the business earned $3.15 earnings per share. The company’s revenue was up 40.7% on a year-over-year basis. Equities research analysts forecast that S&P Global Inc. will post 12.45 EPS for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 24th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Thursday, February 23rd. This is an increase from S&P Global’s previous quarterly dividend of $0.85. S&P Global’s payout ratio is presently 34.29%.

Insiders Place Their Bets

In other S&P Global news, CEO Douglas L. Peterson sold 7,500 shares of the business’s stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $360.52, for a total transaction of $2,703,900.00. Following the sale, the chief executive officer now owns 160,816 shares in the company, valued at approximately $57,977,384.32. The transaction was disclosed in a filing with the SEC, which is available through this link. In other S&P Global news, CEO Douglas L. Peterson sold 7,500 shares of S&P Global stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $360.52, for a total transaction of $2,703,900.00. Following the transaction, the chief executive officer now owns 160,816 shares of the company’s stock, valued at approximately $57,977,384.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Sally Moore sold 3,499 shares of S&P Global stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $367.30, for a total value of $1,285,182.70. Following the transaction, the executive vice president now directly owns 4,957 shares in the company, valued at approximately $1,820,706.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,749 shares of company stock worth $4,266,185. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the subject of a number of analyst reports. Raymond James upped their price target on S&P Global from $398.00 to $402.00 and gave the stock an “outperform” rating in a report on Friday, February 10th. StockNews.com initiated coverage on S&P Global in a report on Thursday. They issued a “hold” rating for the company. Royal Bank of Canada restated an “outperform” rating and issued a $434.00 price target on shares of S&P Global in a report on Monday, March 6th. Robert W. Baird upped their price target on S&P Global from $393.00 to $401.00 and gave the stock an “outperform” rating in a report on Friday, February 10th. Finally, Morgan Stanley upped their price target on S&P Global from $388.00 to $403.00 and gave the stock an “overweight” rating in a report on Monday, February 6th. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $393.56.

S&P Global Profile

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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. The Market Intelligence segment provides multi-asset-class data and analytics integrated with purpose-built workflow solutions.