Woodstock Corp Has $1.01 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Woodstock Corp trimmed its stake in shares of S&P Global Inc. (NYSE:SPGI) by 25.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,513 shares of the business services provider’s stock after selling 860 shares during the quarter. Woodstock Corp’s holdings in S&P Global were worth $1,007,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Exos TFP Holdings LLC acquired a new position in S&P Global in the 4th quarter valued at approximately $26,000. Ridgewood Investments LLC acquired a new position in S&P Global in the 1st quarter valued at approximately $28,000. Resources Management Corp CT ADV acquired a new position in S&P Global in the 1st quarter valued at approximately $28,000. Addison Advisors LLC increased its position in S&P Global by 74.5% in the 1st quarter. Addison Advisors LLC now owns 89 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 38 shares during the period. Finally, Pacifica Partners Inc. increased its position in S&P Global by 76.4% in the 1st quarter. Pacifica Partners Inc. now owns 97 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 42 shares during the period. 85.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at S&P Global

In other news, insider Saugata Saha sold 200 shares of the stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $390.69, for a total value of $78,138.00. Following the completion of the sale, the insider now owns 2,734 shares in the company, valued at $1,068,146.46. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Adam Jason Kansler sold 10,000 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $387.38, for a total value of $3,873,800.00. Following the completion of the sale, the insider now owns 20,961 shares in the company, valued at $8,119,872.18. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Saugata Saha sold 200 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $390.69, for a total transaction of $78,138.00. Following the sale, the insider now owns 2,734 shares of the company’s stock, valued at approximately $1,068,146.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,857 shares of company stock valued at $8,549,352. Corporate insiders own 0.10% of the company’s stock.

S&P Global Stock Down 1.2 %

Shares of S&P Global stock traded down $4.59 during trading hours on Friday, reaching $391.60. The company’s stock had a trading volume of 353,922 shares, compared to its average volume of 1,235,118. S&P Global Inc. has a one year low of $279.32 and a one year high of $428.65. The company has a market capitalization of $124.61 billion, a P/E ratio of 54.72, a P/E/G ratio of 2.43 and a beta of 1.12. The stock’s fifty day simple moving average is $396.87 and its two-hundred day simple moving average is $372.17. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.78 and a current ratio of 0.78.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $3.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $3.12. S&P Global had a net margin of 19.46% and a return on equity of 10.45%. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same period last year, the firm earned $2.81 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, research analysts forecast that S&P Global Inc. will post 12.51 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Friday, August 25th. S&P Global’s dividend payout ratio (DPR) is 49.72%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Bank of America assumed coverage on shares of S&P Global in a research note on Thursday, June 15th. They issued a “buy” rating on the stock. Barclays upped their price objective on shares of S&P Global from $425.00 to $470.00 and gave the company an “overweight” rating in a research note on Friday, July 28th. Wolfe Research assumed coverage on shares of S&P Global in a research note on Thursday. They issued an “outperform” rating and a $453.00 price objective on the stock. TheStreet lowered shares of S&P Global from a “b” rating to a “c+” rating in a research note on Thursday, July 27th. Finally, StockNews.com assumed coverage on shares of S&P Global in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $404.00.

S&P Global Company Profile

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 six segments: 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.