S&P Global Inc. (NYSE:SPGI) Holdings Lowered by Squarepoint Ops LLC

Squarepoint Ops LLC reduced its stake in S&P Global Inc. (NYSE:SPGI) by 94.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,675 shares of the business services provider’s stock after selling 152,027 shares during the period. Squarepoint Ops LLC’s holdings in S&P Global were worth $3,869,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sapient Capital LLC increased its holdings in shares of S&P Global by 2.5% in the second 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 in the last quarter. Chatham Capital Group Inc. raised its position in shares of S&P Global by 0.5% during the second quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock worth $2,007,000 after purchasing an additional 21 shares during the period. D.B. Root & Company LLC boosted its position in shares of S&P Global by 2.4% in the 2nd 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 period. Modera Wealth Management LLC boosted its position in shares of S&P Global by 2.3% in the 2nd 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 period. Finally, Foundations Investment Advisors LLC increased its stake in S&P Global by 1.0% in 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 in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Oppenheimer increased their price objective on S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Barclays upped their target price on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, Bank of America upped their price objective 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. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $548.18.

Insider Activity

In related news, insider Edouard Tavernier sold 500 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following the completion of the transaction, the insider now owns 13,217 shares of the company’s stock, valued at $6,496,816.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Steven J. Kemps sold 2,700 shares of the business’s stock in a transaction on 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 owns 1,455 shares in the company, valued at approximately $715,205.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edouard Tavernier sold 500 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 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. 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. Corporate insiders own 0.10% of the company’s stock.

S&P Global Stock Performance

NYSE:SPGI opened at $512.15 on Wednesday. The firm’s 50-day moving average is $503.13 and its 200-day moving average is $459.73. The company has a market cap of $160.25 billion, a price-to-earnings ratio of 57.42, a PEG ratio of 2.91 and a beta of 1.17. 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 Inc. has a 52-week low of $340.49 and a 52-week high of $528.02.

S&P Global (NYSE:SPGI) last posted 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 firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.12 EPS. Equities research analysts anticipate that S&P Global Inc. will post 14.57 earnings per share for the current year.

S&P Global Announces Dividend

The firm 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 dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Tuesday, November 26th. 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.