S&P Global Inc. (NYSE:SPGI) Shares Sold by Sunbelt Securities Inc.

Sunbelt Securities Inc. reduced its position in shares of S&P Global Inc. (NYSE:SPGI – Get Rating) by 8.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,287 shares of the business services provider’s stock after selling 113 shares during the period. Sunbelt Securities Inc.’s holdings in S&P Global were worth $393,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Bishop Rock Capital L.P. increased its position in shares of S&P Global by 15,444.3% during the second quarter. Bishop Rock Capital L.P. now owns 5,570,928 shares of the business services provider’s stock valued at $16,528,000 after acquiring an additional 5,535,089 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of S&P Global by 60.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 5,490,342 shares of the business services provider’s stock valued at $1,850,574,000 after purchasing an additional 2,065,830 shares during the period. Northern Trust Corp boosted its stake in shares of S&P Global by 39.5% in the first 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 during the period. Legal & General Group Plc boosted its stake in shares of S&P Global by 11.6% in the second quarter. Legal & General Group Plc now owns 2,987,560 shares of the business services provider’s stock valued at $1,006,995,000 after purchasing an additional 310,742 shares during the period. Finally, Clearbridge Investments LLC boosted its stake in shares of S&P Global by 19.5% in the second quarter. Clearbridge Investments LLC now owns 2,665,895 shares of the business services provider’s stock valued at $898,566,000 after purchasing an additional 435,668 shares during the period. 87.27% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Up 1.8 %

SPGI stock opened at $339.90 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.29. S&P Global Inc. has a twelve month low of $279.32 and a twelve month high of $423.55. The company’s 50 day moving average is $356.54 and its two-hundred day moving average is $341.64. The stock has a market cap of $109.45 billion, a P/E ratio of 32.37, a PEG ratio of 2.17 and a beta of 1.12.

S&P Global (NYSE:SPGI – Get Rating) last announced its earnings results on Thursday, February 9th. The business services provider reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.07. The business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.88 billion. S&P Global had a net margin of 29.05% and a return on equity of 9.84%. The company’s quarterly revenue was up 40.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.15 EPS. Research analysts expect that S&P Global Inc. will post 12.45 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 24th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.06%. This is a boost from S&P Global’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Thursday, February 23rd. S&P Global’s payout ratio is presently 34.29%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Credit Suisse Group raised their price objective on shares of S&P Global from $385.00 to $395.00 and gave the company an “outperform” rating in a research note on Friday, February 10th. BMO Capital Markets lifted their price target on shares of S&P Global from $355.00 to $393.00 and gave the stock an “outperform” rating in a research note on Monday, November 28th. Raymond James lifted their price target on shares of S&P Global from $398.00 to $402.00 and gave the stock an “outperform” rating in a research note on Friday, February 10th. Barclays lifted their price target on shares of S&P Global from $385.00 to $425.00 and gave the stock an “overweight” rating in a research note on Friday, December 2nd. Finally, Robert W. Baird lifted their price target on shares of S&P Global from $393.00 to $401.00 and gave the stock an “outperform” rating in a research note on Friday, February 10th. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and an average price target of $393.56.

Insider Activity

In other news, CEO Douglas L. Peterson sold 7,500 shares of S&P Global stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $360.52, for a total value of $2,703,900.00. Following the transaction, the chief executive officer now directly owns 160,816 shares of the company’s stock, valued at approximately $57,977,384.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other S&P Global news, insider Saugata Saha sold 750 shares of the business’s stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $369.47, for a total value of $277,102.50. Following the transaction, the insider now directly owns 3,337 shares of the company’s stock, valued at approximately $1,232,921.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas L. Peterson sold 7,500 shares of the business’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $360.52, for a total transaction of $2,703,900.00. Following the completion of the transaction, the chief executive officer now directly owns 160,816 shares in the company, valued at $57,977,384.32. The disclosure for this sale can be found here. Insiders have sold 11,749 shares of company stock valued at $4,266,185 in the last ninety days. 0.10% of the stock is currently owned by company insiders.

About S&P Global

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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. The Market Intelligence segment provides multi-asset-class data and analytics integrated with purpose-built workflow solutions.