Mather Group LLC. Sells 415 Shares of S&P Global Inc. (NYSE:SPGI)

Mather Group LLC. lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 7.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,181 shares of the business services provider’s stock after selling 415 shares during the quarter. Mather Group LLC.’s holdings in S&P Global were worth $2,677,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Personal CFO Solutions LLC acquired a new stake in shares of S&P Global in the 4th quarter worth $217,000. XML Financial LLC acquired a new position in shares of S&P Global during the fourth quarter valued at about $228,000. Nomura Holdings Inc. increased its holdings in shares of S&P Global by 605.7% during the fourth quarter. Nomura Holdings Inc. now owns 6,528 shares of the business services provider’s stock valued at $2,876,000 after acquiring an additional 5,603 shares in the last quarter. Ethic Inc. raised its position in shares of S&P Global by 29.6% in the 4th quarter. Ethic Inc. now owns 37,730 shares of the business services provider’s stock valued at $16,621,000 after purchasing an additional 8,616 shares during the last quarter. Finally, Jacobi Capital Management LLC boosted its stake in S&P Global by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 2,640 shares of the business services provider’s stock worth $1,163,000 after purchasing an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of research analyst reports. UBS Group raised their price target on shares of S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Morgan Stanley lifted their price target on S&P Global from $530.00 to $564.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Oppenheimer increased their price objective on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, JPMorgan Chase & Co. raised 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. Two equities research 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $556.58.

Insider Activity

In related news, insider Edouard Tavernier sold 500 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $245,775.00. Following the completion of the transaction, the insider now owns 13,217 shares in the company, valued at $6,496,816.35. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other S&P Global news, insider Edouard Tavernier sold 500 shares of the business’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 transaction of $245,775.00. Following the completion of the sale, the insider now directly owns 13,217 shares in the company, valued at approximately $6,496,816.35. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas L. Peterson sold 7,000 shares of S&P Global stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total value of $3,385,200.00. Following the completion of the sale, the chief executive officer now directly owns 154,912 shares in the company, valued at $74,915,443.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,862 shares of company stock worth $8,645,727 over the last 90 days. 0.10% of the stock is currently owned by company insiders.

S&P Global Trading Up 2.4 %

Shares of S&P Global stock opened at $518.35 on Wednesday. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week 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. The company has a market cap of $162.19 billion, a P/E ratio of 58.11, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18. The firm has a 50-day simple moving average of $505.20 and a two-hundred day simple moving average of $462.17.

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

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s payout ratio is 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.