S&P Global Inc. (NYSE:SPGI) Shares Sold by Community Trust & Investment Co.

Community Trust & Investment Co. cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 26,102 shares of the business services provider’s stock after selling 152 shares during the quarter. Community Trust & Investment Co.’s holdings in S&P Global were worth $13,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Swedbank AB acquired a new stake in shares of S&P Global in the first quarter worth approximately $351,774,000. Assenagon Asset Management S.A. lifted its holdings in shares of S&P Global by 352.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock worth $206,669,000 after acquiring an additional 360,909 shares during the last quarter. Third Point LLC acquired a new stake in shares of S&P Global in the first quarter valued at $142,526,000. Ameriprise Financial Inc. increased its stake in S&P Global by 13.5% during the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock worth $1,115,697,000 after purchasing an additional 298,645 shares during the period. Finally, Capital International Investors increased its stake in S&P Global by 5.3% during the 1st quarter. Capital International Investors now owns 5,793,751 shares of the business services provider’s stock worth $2,464,951,000 after buying an additional 291,712 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Activity at S&P Global

In other news, insider Edouard Tavernier sold 500 shares of the company’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 transaction, the insider now directly owns 13,217 shares in the company, valued at $6,496,816.35. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the insider now 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 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 the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were 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 of the company’s stock, valued at approximately $74,915,443.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,862 shares of company stock worth $8,645,727 in the last 90 days. 0.10% of the stock is owned by company insiders.

S&P Global Trading Down 1.8 %

Shares of SPGI stock opened at $513.52 on Wednesday. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $533.29. The company has a market cap of $160.68 billion, a PE ratio of 57.57, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18. 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 business’s 50 day moving average is $513.46 and its two-hundred day moving average is $469.72.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.67 by $0.37. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.42 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. S&P Global’s revenue was up 14.4% compared to the same quarter last year. During the same period last year, the business posted $3.12 EPS. Equities analysts predict that S&P Global Inc. will post 14.61 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. S&P Global’s dividend payout ratio is presently 40.81%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SPGI. BMO Capital Markets raised their price objective on shares of S&P Global from $537.00 to $589.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Royal Bank of Canada upped their price target on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Oppenheimer increased their target price on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. lifted their price objective on S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus boosted their target price on S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $565.17.

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.