S&P Global Inc. (NYSE:SPGI) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC trimmed its position in S&P Global Inc. (NYSE:SPGI) by 9.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,922 shares of the business services provider’s stock after selling 1,182 shares during the quarter. Park Avenue Securities LLC’s holdings in S&P Global were worth $5,643,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of SPGI. Sachetta LLC boosted its position in S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after purchasing an additional 30 shares during the period. Pineridge Advisors LLC purchased a new stake in shares of S&P Global in the fourth quarter worth about $26,000. HWG Holdings LP acquired a new stake in shares of S&P Global in the second quarter valued at about $27,000. Hobbs Group Advisors LLC purchased a new stake in shares of S&P Global during the 2nd quarter valued at about $31,000. Finally, First Pacific Financial raised its holdings in shares of S&P Global by 49.0% during the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after buying an additional 24 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other S&P Global news, EVP Steven J. Kemps sold 2,700 shares of the company’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 $1,327,185.00. Following the completion of the sale, the executive vice president now directly owns 1,455 shares in the company, valued at $715,205.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other S&P Global news, EVP Steven J. Kemps sold 2,700 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were 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 in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the completion of the sale, the director now directly owns 15,830 shares of the company’s stock, valued at $7,618,662.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,862 shares of company stock worth $8,645,727. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SPGI shares. BMO Capital Markets upped their price target on S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Bank of America upped their target price on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Evercore ISI initiated coverage on shares of S&P Global in a research note on Wednesday. They set an “outperform” rating and a $599.00 price target on the stock. Royal Bank of Canada boosted their price objective on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. raised their target price on S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $556.58.

S&P Global Stock Performance

Shares of S&P Global stock traded down $2.43 during trading on Friday, hitting $512.17. 683,778 shares of the stock were exchanged, compared to its average volume of 1,210,164. The stock has a market cap of $160.26 billion, a PE ratio of 57.42, a P/E/G ratio of 2.91 and a beta of 1.18. The stock’s fifty day moving average is $504.86 and its 200 day moving average is $461.12. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $528.02. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, beating the consensus estimate 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 net margin of 25.03% and a return on equity of 13.03%. S&P Global’s revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.12 earnings per share. As a group, sell-side analysts anticipate that S&P Global Inc. will post 14.57 EPS for the current year.

S&P Global Announces Dividend

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

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.