DRW Securities LLC Sells 2,930 Shares of S&P Global Inc. (NYSE:SPGI)

DRW Securities LLC decreased its position in S&P Global Inc. (NYSE:SPGI) by 54.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,439 shares of the business services provider’s stock after selling 2,930 shares during the period. DRW Securities LLC’s holdings in S&P Global were worth $1,084,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Swedbank AB acquired a new stake in shares of S&P Global during the 1st quarter worth approximately $351,774,000. Capital International Investors grew its holdings in S&P Global by 12.6% during the 4th quarter. Capital International Investors now owns 5,502,039 shares of the business services provider’s stock worth $2,423,762,000 after acquiring an additional 616,732 shares during the period. Assenagon Asset Management S.A. grew its holdings in S&P Global by 352.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock worth $206,669,000 after acquiring an additional 360,909 shares during the period. Third Point LLC acquired a new position in shares of S&P Global in the 1st quarter valued at $142,526,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of S&P Global by 348.2% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 336,640 shares of the business services provider’s stock worth $148,284,000 after purchasing an additional 261,526 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SPGI. Wells Fargo & Company upgraded S&P Global to a “strong-buy” rating in a report on Tuesday, August 13th. Royal Bank of Canada lifted their price objective on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Stifel Nicolaus upped their target price on shares of S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price target on shares of S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Barclays upped their price objective on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $548.18.

Insider Transactions at S&P Global

In related news, insider Edouard Tavernier sold 500 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following the completion of the transaction, the insider now owns 13,217 shares of the company’s stock, valued at $6,496,816.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other S&P Global news, insider Edouard Tavernier sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $245,775.00. Following the completion of the transaction, the insider now directly owns 13,217 shares in the company, valued at $6,496,816.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following the transaction, the director now directly owns 15,830 shares in the company, valued at approximately $7,618,662.40. The disclosure for this sale can be found here. Insiders have sold a total of 17,862 shares of company stock valued at $8,645,727 over the last 90 days. 0.10% of the stock is owned by corporate insiders.

S&P Global Trading Down 0.1 %

SPGI opened at $523.67 on Monday. The firm’s fifty day simple moving average is $499.16 and its 200 day simple moving average is $455.35. The stock has a market capitalization of $163.86 billion, a P/E ratio of 58.71, a P/E/G ratio of 2.68 and a beta of 1.17. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $528.02.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, beating analysts’ consensus estimates of $3.67 by $0.37. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.12 earnings per share. As a group, research analysts anticipate that S&P Global Inc. will post 14.58 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th were issued a $0.91 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.70%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

S&P Global 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 S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.