Platform Technology Partners Has $1.11 Million Stake in S&P Global Inc. (NYSE:SPGI)

Platform Technology Partners trimmed its position in S&P Global Inc. (NYSE:SPGI) by 1.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,801 shares of the business services provider’s stock after selling 47 shares during the period. Platform Technology Partners’ holdings in S&P Global were worth $1,110,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SPGI. Exos TFP Holdings LLC bought a new stake in S&P Global in the fourth quarter valued at approximately $26,000. Ridgewood Investments LLC acquired a new position in shares of S&P Global in the first quarter valued at approximately $28,000. Resources Management Corp CT ADV acquired a new position in shares of S&P Global in the first quarter valued at approximately $28,000. Addison Advisors LLC grew its position in shares of S&P Global by 74.5% in the first quarter. Addison Advisors LLC now owns 89 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 38 shares during the last quarter. Finally, Pacifica Partners Inc. grew its position in S&P Global by 76.4% during the first quarter. Pacifica Partners Inc. now owns 97 shares of the business services provider’s stock worth $33,000 after buying an additional 42 shares in the last quarter. 85.50% of the stock is currently owned by institutional investors.

S&P Global Price Performance

SPGI traded up $2.21 during trading on Monday, reaching $390.47. The stock had a trading volume of 233,664 shares, compared to its average volume of 1,241,567. The stock has a market cap of $124.25 billion, a PE ratio of 53.94, a PEG ratio of 2.47 and a beta of 1.12. 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 Inc. has a one year low of $279.32 and a one year high of $428.65. The business has a 50-day moving average of $396.79 and a 200-day moving average of $373.13.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, July 27th. The business services provider reported $3.12 EPS for the quarter, meeting analysts’ consensus estimates of $3.12. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.05 billion. S&P Global had a return on equity of 10.45% and a net margin of 19.46%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.81 earnings per share. As a group, equities research analysts anticipate that S&P Global Inc. will post 12.5 EPS for the current fiscal year.

S&P Global Announces Dividend

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

Insider Buying and Selling at S&P Global

In other S&P Global news, insider Saugata Saha sold 200 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $382.00, for a total transaction of $76,400.00. Following the completion of the transaction, the insider now owns 1,134 shares of the company’s stock, valued at $433,188. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other S&P Global news, insider Saugata Saha sold 200 shares of S&P Global stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $382.00, for a total value of $76,400.00. Following the completion of the sale, the insider now owns 1,134 shares of the company’s stock, valued at approximately $433,188. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Adam Jason Kansler sold 10,000 shares of S&P Global stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $387.38, for a total transaction of $3,873,800.00. Following the completion of the sale, the insider now directly owns 20,961 shares of the company’s stock, valued at approximately $8,119,872.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,857 shares of company stock valued at $8,549,352. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barclays raised their target price on S&P Global from $425.00 to $470.00 and gave the company an “overweight” rating in a report on Friday, July 28th. Wolfe Research assumed coverage on S&P Global in a report on Thursday. They issued an “outperform” rating and a $453.00 target price on the stock. StockNews.com assumed coverage on S&P Global in a report on Thursday, August 17th. They issued a “hold” rating on the stock. TheStreet downgraded S&P Global from a “b” rating to a “c+” rating in a report on Thursday, July 27th. Finally, Robert W. Baird reduced their target price on S&P Global from $460.00 to $451.00 and set an “outperform” rating on the stock in a report on Friday, July 28th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the stock 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.