S&P Global Inc. (NYSE:SPGI) Shares Sold by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA cut its stake in S&P Global Inc. (NYSE:SPGI) by 3.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,250 shares of the business services provider’s stock after selling 784 shares during the period. S&P Global makes up 1.2% of Middleton & Co. Inc. MA’s investment portfolio, making the stock its 28th largest position. Middleton & Co. Inc. MA’s holdings in S&P Global were worth $10,370,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SPGI. Sapient Capital LLC boosted its holdings in shares of S&P Global by 2.5% in the 2nd quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock valued at $385,000 after buying an additional 21 shares during the period. Chatham Capital Group Inc. boosted its stake in S&P Global by 0.5% in the second quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock valued at $2,007,000 after acquiring an additional 21 shares during the period. D.B. Root & Company LLC grew its holdings in shares of S&P Global by 2.4% during the second quarter. D.B. Root & Company LLC now owns 955 shares of the business services provider’s stock valued at $426,000 after purchasing an additional 22 shares during the last quarter. Modera Wealth Management LLC grew its holdings in shares of S&P Global by 2.3% during the second quarter. Modera Wealth Management LLC now owns 960 shares of the business services provider’s stock valued at $428,000 after purchasing an additional 22 shares during the last quarter. Finally, Foundations Investment Advisors LLC raised its position in shares of S&P Global by 1.0% during the 2nd quarter. Foundations Investment Advisors LLC now owns 2,133 shares of the business services provider’s stock worth $951,000 after purchasing an additional 22 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $519.65 on Thursday. S&P Global Inc. has a 1 year low of $340.49 and a 1 year 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 stock has a fifty day moving average price of $497.23 and a two-hundred day moving average price of $453.74. The firm has a market cap of $162.60 billion, a P/E ratio of 58.26, a PEG ratio of 2.68 and a beta of 1.17.

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, beating the consensus estimate of $3.67 by $0.37. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.42 billion. During the same quarter last year, the business posted $3.12 earnings per share. The company’s quarterly revenue was up 14.4% on a year-over-year basis. Research analysts forecast that S&P Global Inc. will post 14.58 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors 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 payout ratio is currently 40.81%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SPGI. BMO Capital Markets boosted their price objective on S&P Global from $532.00 to $537.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Morgan Stanley boosted their price target on shares of S&P Global from $530.00 to $564.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Oppenheimer increased their price objective on shares of S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Stifel Nicolaus boosted 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. Finally, Royal Bank of Canada upped their target price on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Two 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $548.18.

Insider Activity at S&P Global

In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total value of $3,687,567.36. Following the transaction, the director now owns 15,830 shares in the company, valued at $7,618,662.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Robert P. Kelly sold 7,662 shares of the 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 completion of the transaction, the director now owns 15,830 shares in the company, valued at approximately $7,618,662.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas L. Peterson sold 7,000 shares of S&P Global stock in a transaction dated 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 transaction, the chief executive officer now directly owns 154,912 shares in the company, valued at approximately $74,915,443.20. The disclosure for this sale can be found here. Insiders sold a total of 17,862 shares of company stock valued at $8,645,727 over the last ninety days. Insiders own 0.10% of the company’s stock.

S&P Global Company 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.