Oppenheimer & Co. Inc. trimmed its position in S&P Global Inc. (NYSE:SPGI – Free Report) by 6.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,799 shares of the business services provider’s stock after selling 182 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in S&P Global were worth $965,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also made changes to their positions in the company. Magnolia Capital Advisors LLC increased its holdings 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 valued at $550,000 after acquiring an additional 28 shares during the last quarter. Circle Wealth Management LLC grew its stake in S&P Global by 2.0% during the 4th quarter. Circle Wealth Management LLC now owns 1,501 shares of the business services provider’s stock worth $503,000 after buying an additional 29 shares during the last quarter. Provence Wealth Management Group grew its stake in S&P Global by 4.4% during the 1st quarter. Provence Wealth Management Group now owns 738 shares of the business services provider’s stock worth $254,000 after buying an additional 31 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in S&P Global by 11.1% during the 1st quarter. Exchange Traded Concepts LLC now owns 329 shares of the business services provider’s stock worth $113,000 after buying an additional 33 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in S&P Global by 1.2% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 2,792 shares of the business services provider’s stock worth $963,000 after buying an additional 33 shares during the last quarter. 87.25% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research analysts recently commented on the company. StockNews.com assumed coverage on S&P Global in a research note on Thursday, August 17th. They set a “hold” rating for the company. Bank of America assumed coverage on S&P Global in a research note on Thursday, June 15th. They set a “buy” rating for the company. Barclays upped their price objective on S&P Global from $425.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday, July 28th. TheStreet lowered S&P Global from a “b” rating to a “c+” rating in a research report on Thursday, July 27th. Finally, Robert W. Baird reduced their price target on S&P Global from $460.00 to $451.00 and set an “outperform” rating for the company in a research report on Friday, July 28th. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $400.94.
Insider Transactions at S&P Global
In other news, EVP Dimitra Manis sold 2,021 shares of the business’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $386.27, for a total transaction of $780,651.67. Following the sale, the executive vice president now directly owns 2,086 shares of the company’s stock, valued at $805,759.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Saugata Saha sold 200 shares of the company’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $384.43, for a total transaction of $76,886.00. Following the transaction, the insider now directly owns 2,934 shares of the company’s stock, valued at $1,127,917.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dimitra Manis sold 2,021 shares of the company’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $386.27, for a total value of $780,651.67. Following the transaction, the executive vice president now directly owns 2,086 shares in the company, valued at $805,759.22. The disclosure for this sale can be found here. Insiders have sold 23,878 shares of company stock valued at $9,329,232 over the last three months. Company insiders own 0.10% of the company’s stock.
S&P Global Trading Up 0.6 %
Shares of S&P Global stock opened at $388.27 on Friday. The business has a fifty day simple moving average of $397.29 and a 200-day simple moving average of $369.17. The firm has a market cap of $123.55 billion, a price-to-earnings ratio of 53.63, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.30. S&P Global Inc. has a fifty-two week low of $279.32 and a fifty-two week high of $428.65.
S&P Global (NYSE:SPGI – Get Free Report) last announced its earnings results on Thursday, July 27th. The business services provider reported $3.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $3.12. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.05 billion. S&P Global had a return on equity of 10.45% and a net margin of 19.46%. S&P Global’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.81 earnings per share. On average, equities analysts forecast that S&P Global Inc. will post 12.51 EPS for the current fiscal year.
S&P Global Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Monday, August 28th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Friday, August 25th. S&P Global’s dividend payout ratio (DPR) is presently 49.72%.
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.
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