Sei Investments Co. Sells 15,433 Shares of S&P Global Inc. (NYSE:SPGI)

Sei Investments Co. lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 393,747 shares of the business services provider’s stock after selling 15,433 shares during the quarter. Sei Investments Co. owned 0.13% of S&P Global worth $175,613,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Pineridge Advisors LLC acquired a new position in shares of S&P Global during the fourth quarter valued at about $26,000. Sachetta LLC lifted its position in S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 30 shares in the last quarter. Hobbs Group Advisors LLC acquired a new position in S&P Global during the 2nd quarter valued at about $31,000. First Pacific Financial increased its holdings in S&P Global by 49.0% during the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock worth $33,000 after purchasing an additional 24 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new stake in shares of S&P Global in the second quarter worth approximately $36,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.1 %

S&P Global stock opened at $523.72 on Friday. 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 company has a market capitalization of $163.87 billion, a P/E ratio of 58.71, a P/E/G ratio of 2.68 and a beta of 1.17. The firm has a 50 day moving average price of $499.16 and a 200-day moving average price of $454.91. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $528.02.

S&P Global (NYSE:SPGI) last released its 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 business had revenue of $3.55 billion during 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%. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the business posted $3.12 earnings per share. As a group, equities analysts predict that S&P Global Inc. will post 14.58 EPS for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Tuesday, August 27th. S&P Global’s dividend payout ratio is currently 40.81%.

Insider Buying and Selling at S&P Global

In other news, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction dated 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 completion of the transaction, the director now owns 15,830 shares in the company, valued at $7,618,662.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Douglas L. Peterson sold 7,000 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the sale, the chief executive officer now directly owns 154,912 shares in the company, valued at approximately $74,915,443.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $7,618,662.40. The disclosure for this sale can be found here. Insiders have sold a total of 17,862 shares of company stock valued at $8,645,727 over the last three months. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SPGI has been the subject of several recent research reports. Barclays upped their price target on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Bank of America upped their target price on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. JPMorgan Chase & Co. raised their price target on shares of S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Morgan Stanley upped their price objective on shares of S&P Global from $530.00 to $564.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Finally, BMO Capital Markets lifted their target price on shares of S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Two investment 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 company’s stock. According to data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $548.18.

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.