Patten & Patten Inc. TN Sells 150 Shares of S&P Global Inc. (NYSE:SPGI)

Patten & Patten Inc. TN decreased its stake in shares of S&P Global Inc. (NYSE:SPGIFree Report) by 17.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 724 shares of the business services provider’s stock after selling 150 shares during the period. Patten & Patten Inc. TN’s holdings in S&P Global were worth $319,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SPGI. Norges Bank acquired a new stake in shares of S&P Global during the 4th quarter worth approximately $1,112,935,000. Clearbridge Investments LLC grew its position in S&P Global by 11,089.7% in the 1st quarter. Clearbridge Investments LLC now owns 2,230,227 shares of the business services provider’s stock valued at $914,794,000 after purchasing an additional 2,210,296 shares during the period. Morgan Stanley grew its position in S&P Global by 49.9% in the 4th quarter. Morgan Stanley now owns 4,318,418 shares of the business services provider’s stock valued at $1,446,412,000 after purchasing an additional 1,437,116 shares during the period. Northern Trust Corp grew 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 during the period. Finally, Moneta Group Investment Advisors LLC grew its position in S&P Global by 113,163.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,005,777 shares of the business services provider’s stock valued at $336,875,000 after purchasing an additional 1,004,889 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Transactions at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the sale, the chief executive officer now directly owns 162,530 shares in the company, valued at approximately $69,032,992.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the subject of several research reports. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research report on Wednesday. Barclays lifted their price target on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday. BMO Capital Markets lifted their price target on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a research report on Friday, February 9th. Finally, Raymond James lifted their price objective on shares of S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price of $464.22.

View Our Latest Stock Analysis on SPGI

S&P Global Trading Up 0.1 %

NYSE SPGI opened at $426.46 on Thursday. The stock has a market capitalization of $136.58 billion, a price-to-earnings ratio of 51.82, a PEG ratio of 2.43 and a beta of 1.15. S&P Global Inc. has a one year low of $329.46 and a one year high of $461.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. The business’s fifty day moving average is $431.70 and its 200-day moving average is $411.89.

S&P Global (NYSE:SPGIGet Free Report) last released its earnings results on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.54 earnings per share. Equities research analysts predict that S&P Global Inc. will post 14 EPS for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.85%. This is a boost from S&P Global’s previous quarterly dividend of $0.90. The ex-dividend date was Monday, February 26th. S&P Global’s payout ratio is presently 44.23%.

S&P Global Profile

(Free Report)

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.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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