Ensign Peak Advisors Inc Cuts Stake in S&P Global Inc. (NYSE:SPGI)

Ensign Peak Advisors Inc cut its holdings in S&P Global Inc. (NYSE:SPGI) by 8.2% during the fourth quarter, Holdings Channel reports. The firm owned 364,353 shares of the business services provider’s stock after selling 32,395 shares during the quarter. Ensign Peak Advisors Inc’s holdings in S&P Global were worth $181,459,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SPGI. Parkside Financial Bank & Trust lifted its holdings in shares of S&P Global by 2.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock worth $515,000 after buying an additional 20 shares in the last quarter. Personal CFO Solutions LLC boosted its holdings in shares of S&P Global by 3.1% during the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider’s stock valued at $336,000 after purchasing an additional 20 shares during the last quarter. Anfield Capital Management LLC grew its position in shares of S&P Global by 25.6% during the fourth quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 22 shares in the last quarter. Invenio Wealth Partners LLC increased its holdings in shares of S&P Global by 4.0% in the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider’s stock worth $286,000 after purchasing an additional 22 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in shares of S&P Global by 4.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider’s stock worth $265,000 after buying an additional 23 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Insider Activity at S&P Global

In other news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the transaction, the executive vice president now directly owns 5,131 shares in the company, valued at approximately $2,619,016.33. This trade represents a 8.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wells Fargo & Company lifted their price objective on S&P Global from $607.00 to $627.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 30th. UBS Group upped their price target on shares of S&P Global from $555.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Stifel Nicolaus dropped their price objective on shares of S&P Global from $629.00 to $603.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Bank of America assumed coverage on shares of S&P Global in a research report on Thursday, April 10th. They set a “buy” rating and a $600.00 target price on the stock. Finally, Evercore ISI increased their price target on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $592.71.

S&P Global Price Performance

S&P Global stock opened at $507.60 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $155.68 billion, a price-to-earnings ratio of 41.10, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The firm has a 50-day moving average of $486.42 and a two-hundred day moving average of $501.64. S&P Global Inc. has a 1 year low of $419.49 and a 1 year high of $545.39.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.23 by $0.14. The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. S&P Global’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.01 earnings per share. On average, research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be paid a dividend of $0.96 per share. The ex-dividend date is Wednesday, May 28th. This represents a $3.84 annualized dividend and a dividend yield of 0.76%. S&P Global’s dividend payout ratio is currently 30.16%.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.