S&P Global Inc. (NYSE:SPGI) Shares Sold by Flossbach Von Storch AG

Flossbach Von Storch AG trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 508,303 shares of the business services provider’s stock after selling 27,397 shares during the period. S&P Global makes up about 1.0% of Flossbach Von Storch AG’s holdings, making the stock its 23rd largest holding. Flossbach Von Storch AG owned about 0.16% of S&P Global worth $223,918,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP increased its position in shares of S&P Global by 13.2% during the third quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock worth $2,769,787,000 after acquiring an additional 881,215 shares during the period. Morgan Stanley increased its holdings in S&P Global by 8.2% during the 3rd quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock worth $2,067,807,000 after purchasing an additional 428,737 shares during the period. Northern Trust Corp raised its position in S&P Global by 39.5% in the 1st quarter. Northern Trust Corp now owns 3,727,874 shares of the business services provider’s stock valued at $1,529,100,000 after purchasing an additional 1,056,097 shares in the last quarter. Norges Bank purchased a new position in shares of S&P Global in the 4th quarter valued at about $1,112,935,000. Finally, Nuveen Asset Management LLC grew its position in shares of S&P Global by 22.7% during the second quarter. Nuveen Asset Management LLC now owns 2,881,232 shares of the business services provider’s stock worth $1,155,057,000 after buying an additional 533,417 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on SPGI shares. Barclays boosted their price target on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Raymond James upped their price objective on S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 target price on shares of S&P Global in a research report on Friday, February 9th. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Finally, Oppenheimer reissued an “outperform” rating and set a $480.00 price objective on shares of S&P Global in a report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $464.22.

Insider Transactions at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the transaction, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

S&P Global Stock Performance

Shares of S&P Global stock traded up $3.55 during trading on Wednesday, reaching $412.11. The company’s stock had a trading volume of 844,576 shares, compared to its average volume of 1,312,286. The firm has a market cap of $131.98 billion, a PE ratio of 50.07, a P/E/G ratio of 2.32 and a beta of 1.15. The company has a 50-day moving average price of $425.70 and a two-hundred day moving average price of $415.27. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a fifty-two week low of $338.92 and a fifty-two week high of $461.16.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.15 by ($0.02). S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the company posted $2.54 EPS. S&P Global’s quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts forecast that S&P Global Inc. will post 14.02 EPS for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th were paid a $0.91 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.90. This represents a $3.64 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Monday, February 26th. S&P Global’s payout ratio is currently 44.23%.

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.