S&P Global Inc. (NYSE:SPGI) Shares Sold by Leavell Investment Management Inc.

Leavell Investment Management Inc. cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 3.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,399 shares of the business services provider’s stock after selling 43 shares during the quarter. Leavell Investment Management Inc.’s holdings in S&P Global were worth $595,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. D.B. Root & Company LLC lifted its stake in shares of S&P Global by 3.6% in the fourth quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock worth $292,000 after buying an additional 23 shares in the last quarter. Mayflower Financial Advisors LLC increased its stake in shares of S&P Global by 3.3% in the fourth quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock worth $315,000 after purchasing an additional 23 shares in the last quarter. Allworth Financial LP increased its stake in shares of S&P Global by 1.8% in the fourth quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock worth $598,000 after purchasing an additional 24 shares in the last quarter. Oakworth Capital Inc. increased its stake in shares of S&P Global by 31.2% in the fourth quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock worth $44,000 after purchasing an additional 24 shares in the last quarter. Finally, Independence Bank of Kentucky increased its stake in shares of S&P Global by 1.7% in the fourth quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock worth $655,000 after purchasing an additional 25 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Down 1.3 %

S&P Global stock traded down $5.84 during trading hours on Thursday, hitting $436.46. The company had a trading volume of 1,142,336 shares, compared to its average volume of 1,343,219. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $461.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $136.57 billion, a P/E ratio of 48.93, a P/E/G ratio of 2.44 and a beta of 1.14. The company has a 50-day moving average price of $424.46 and a two-hundred day moving average price of $426.78.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, beating the consensus estimate of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. On average, sell-side analysts anticipate that S&P Global Inc. will post 14.1 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be paid a dividend of $0.91 per share. The ex-dividend date is Wednesday, May 29th. This represents a $3.64 annualized dividend and a dividend yield of 0.83%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. BMO Capital Markets raised their target price on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Oppenheimer boosted their target price on shares of S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Stifel Nicolaus lifted their price target on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Finally, Barclays lifted their price target on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $467.89.

S&P Global 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.