US Bancorp DE Cuts Position in S&P Global Inc. (NYSE:SPGI)

US Bancorp DE lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 260,307 shares of the business services provider’s stock after selling 4,169 shares during the period. US Bancorp DE owned about 0.08% of S&P Global worth $104,354,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in shares of S&P Global by 0.6% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 4,006 shares of the business services provider’s stock worth $1,606,000 after acquiring an additional 25 shares during the period. Independence Bank of Kentucky increased its position in shares of S&P Global by 2.2% in the second quarter. Independence Bank of Kentucky now owns 1,193 shares of the business services provider’s stock valued at $478,000 after buying an additional 26 shares in the last quarter. Corundum Group Inc. raised its stake in shares of S&P Global by 3.2% during the 2nd quarter. Corundum Group Inc. now owns 845 shares of the business services provider’s stock worth $339,000 after buying an additional 26 shares during the last quarter. Hoylecohen LLC boosted its position in shares of S&P Global by 3.0% in the 2nd quarter. Hoylecohen LLC now owns 929 shares of the business services provider’s stock worth $372,000 after buying an additional 27 shares in the last quarter. Finally, Magnolia Capital Advisors LLC boosted its position in shares of S&P Global by 1.7% in the 4th quarter. Magnolia Capital Advisors LLC now owns 1,642 shares of the business services provider’s stock worth $550,000 after buying an additional 28 shares in the last quarter. 85.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Raymond James reduced their price target on shares of S&P Global from $421.00 to $403.00 and set an “outperform” rating on the stock in a report on Thursday, October 5th. Wolfe Research initiated coverage on S&P Global in a report on Thursday, September 14th. They issued an “outperform” rating and a $453.00 price target for the company. StockNews.com initiated coverage on S&P Global in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Morgan Stanley cut their target price on shares of S&P Global from $450.00 to $424.00 and set an “overweight” rating for the company in a research note on Tuesday, October 3rd. Finally, TheStreet cut shares of S&P Global from a “b” rating to a “c+” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $420.18.

S&P Global Trading Up 0.8 %

S&P Global stock traded up $3.06 during trading on Thursday, reaching $405.12. The company had a trading volume of 142,653 shares, compared to its average volume of 1,230,774. S&P Global Inc. has a 12-month low of $321.14 and a 12-month high of $428.65. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 0.92. The stock’s 50 day moving average price is $372.18 and its two-hundred day moving average price is $381.11. The firm has a market capitalization of $128.34 billion, a price-to-earnings ratio of 52.01, a PEG ratio of 2.49 and a beta of 1.13.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be paid a dividend of $0.90 per share. The ex-dividend date is Monday, November 27th. This represents a $3.60 annualized dividend and a dividend yield of 0.89%. S&P Global’s dividend payout ratio is presently 46.57%.

Insider Buying and Selling

In other S&P Global news, insider Saugata Saha sold 200 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $382.00, for a total transaction of $76,400.00. Following the completion of the sale, the insider now owns 1,134 shares of the company’s stock, valued at $433,188. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

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.