S&P Global Inc. (NYSE:SPGI) Shares Sold by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC reduced its stake in S&P Global Inc. (NYSE:SPGI) by 4.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 23,511 shares of the business services provider’s stock after selling 1,050 shares during the period. S&P Global makes up 1.6% of Greenwood Capital Associates LLC’s investment portfolio, making the stock its 12th largest position. Greenwood Capital Associates LLC’s holdings in S&P Global were worth $12,146,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HWG Holdings LP purchased a new position in shares of S&P Global in the 2nd quarter valued at $27,000. Northwest Investment Counselors LLC acquired a new position in S&P Global in the third quarter valued at $27,000. Sachetta LLC grew its holdings in shares of S&P Global by 103.4% during the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after purchasing an additional 30 shares during the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of S&P Global during the second quarter worth about $31,000. Finally, Voisard Asset Management Group Inc. increased its position in shares of S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after purchasing an additional 27 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of research analyst reports. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Robert W. Baird raised their target price on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Stifel Nicolaus upped their price target on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Oppenheimer increased their price target on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Price Performance

Shares of SPGI opened at $485.77 on Tuesday. The firm has a market capitalization of $150.73 billion, a PE ratio of 42.87, a P/E/G ratio of 2.48 and a beta of 1.18. The stock’s 50 day moving average is $512.12 and its two-hundred day moving average is $474.13. S&P Global Inc. has a twelve month low of $381.33 and a twelve month high of $533.29. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.21 earnings per share. Research analysts anticipate that S&P Global Inc. will post 15.16 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors 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 yield of 0.75%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio is currently 32.13%.

Insiders Place Their Bets

In related news, Director Robert P. Kelly sold 7,662 shares of the firm’s stock in a transaction that occurred on 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 directly owns 15,830 shares of the company’s stock, valued at $7,618,662.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

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.