S&P Global Inc. (NYSE:SPGI) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its stake in S&P Global Inc. (NYSE:SPGI) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 155,268 shares of the business services provider’s stock after selling 5,298 shares during the quarter. Handelsbanken Fonder AB’s holdings in S&P Global were worth $80,215,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SPGI. Cullen Investment Group LTD. raised its stake in S&P Global by 2.1% in the 3rd quarter. Cullen Investment Group LTD. now owns 3,742 shares of the business services provider’s stock valued at $1,933,000 after purchasing an additional 78 shares during the last quarter. Central Valley Advisors LLC grew its holdings in shares of S&P Global by 2.4% during the third quarter. Central Valley Advisors LLC now owns 3,215 shares of the business services provider’s stock worth $1,661,000 after buying an additional 76 shares in the last quarter. Capital Market Strategies LLC grew its holdings in shares of S&P Global by 5.4% during the third quarter. Capital Market Strategies LLC now owns 606 shares of the business services provider’s stock worth $313,000 after buying an additional 31 shares in the last quarter. Czech National Bank raised its position in shares of S&P Global by 6.9% in the third quarter. Czech National Bank now owns 65,228 shares of the business services provider’s stock valued at $33,698,000 after buying an additional 4,229 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of S&P Global by 2.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 14,234 shares of the business services provider’s stock worth $7,354,000 after buying an additional 276 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 0.5 %

NYSE:SPGI traded down $2.43 on Friday, reaching $512.17. 683,778 shares of the company’s stock were exchanged, compared to its average volume of 1,210,164. The firm has a market capitalization of $160.26 billion, a price-to-earnings ratio of 57.42, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18. S&P Global Inc. has a 52-week low of $340.49 and a 52-week high of $528.02. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. The business has a fifty day moving average of $504.86 and a 200-day moving average of $461.38.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, topping the consensus estimate of $3.67 by $0.37. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.42 billion. During the same period in the prior year, the firm earned $3.12 EPS. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, analysts expect that S&P Global Inc. will post 14.57 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.71%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Insider Buying and Selling

In other news, EVP Steven J. Kemps sold 2,700 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the completion of the transaction, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 15,830 shares in the company, valued at $7,618,662.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven J. Kemps sold 2,700 shares of S&P Global stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the sale, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at $715,205.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,862 shares of company stock valued at $8,645,727 in the last three months. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Oppenheimer boosted their price objective on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday. Stifel Nicolaus raised their target price on S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Bank of America boosted their price target on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Finally, Evercore ISI began coverage on shares of S&P Global in a research report on Wednesday. They set an “outperform” rating and a $599.00 price objective for the company. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $556.58.

About S&P Global

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.