Rockingstone Advisors LLC Trims Position in S&P Global Inc. (NYSE:SPGI)

Rockingstone Advisors LLC lowered its holdings in S&P Global Inc. (NYSE:SPGI) by 0.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,690 shares of the business services provider’s stock after selling 33 shares during the period. S&P Global makes up 2.0% of Rockingstone Advisors LLC’s portfolio, making the stock its 18th biggest position. Rockingstone Advisors LLC’s holdings in S&P Global were worth $3,973,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SPGI. Pineridge Advisors LLC purchased a new position in S&P Global in the 4th quarter worth approximately $26,000. HWG Holdings LP purchased a new position in shares of S&P Global during the 2nd quarter valued at approximately $27,000. Sachetta LLC grew its position in shares of S&P Global by 103.4% during the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after buying an additional 30 shares in the last quarter. Hobbs Group Advisors LLC bought a new stake in shares of S&P Global in the second quarter worth $31,000. Finally, First Pacific Financial raised its holdings in S&P Global by 49.0% in the second quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Activity at S&P Global

In other S&P Global news, insider Edouard Tavernier sold 500 shares of the stock in a transaction 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 transaction, the insider now directly owns 13,217 shares of the company’s stock, valued at approximately $6,496,816.35. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other S&P Global news, 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 approximately $7,618,662.40. This 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 through this hyperlink. Also, insider Edouard Tavernier sold 500 shares of S&P Global 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 transaction, the insider now directly owns 13,217 shares in the company, valued at approximately $6,496,816.35. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,862 shares of company stock worth $8,645,727 over the last quarter. 0.10% of the stock is currently owned by company insiders.

S&P Global Stock Up 2.4 %

SPGI opened at $518.35 on Wednesday. The stock’s 50 day moving average price is $505.20 and its 200 day moving average price is $462.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $162.19 billion, a P/E ratio of 58.11, a P/E/G ratio of 2.91 and a beta of 1.18. 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 last year, the company earned $3.12 earnings per share. As a group, research analysts predict 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SPGI. Stifel Nicolaus raised their price objective on shares of S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Barclays increased their price target on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. JPMorgan Chase & Co. boosted their price objective on S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, Morgan Stanley boosted their price target on S&P Global from $530.00 to $564.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $556.58.

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.