S&P Global Inc. (NYSE:SPGI) Holdings Lessened by Court Place Advisors LLC

Court Place Advisors LLC reduced its stake in S&P Global Inc. (NYSE:SPGI) by 0.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 17,895 shares of the business services provider’s stock after selling 25 shares during the quarter. S&P Global accounts for 2.7% of Court Place Advisors LLC’s investment portfolio, making the stock its 8th largest position. Court Place Advisors LLC’s holdings in S&P Global were worth $9,245,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in SPGI. HWG Holdings LP boosted its holdings in S&P Global by 2,352.5% during the 3rd quarter. HWG Holdings LP now owns 1,496 shares of the business services provider’s stock valued at $773,000 after acquiring an additional 1,435 shares during the period. Blackston Financial Advisory Group LLC boosted its stake in shares of S&P Global by 58.8% in the third quarter. Blackston Financial Advisory Group LLC now owns 856 shares of the business services provider’s stock valued at $442,000 after purchasing an additional 317 shares during the period. Ballentine Partners LLC grew its holdings in shares of S&P Global by 6.9% in the third quarter. Ballentine Partners LLC now owns 6,730 shares of the business services provider’s stock valued at $3,477,000 after purchasing an additional 437 shares in the last quarter. Busey Bank grew its holdings in shares of S&P Global by 20.7% in the third quarter. Busey Bank now owns 735 shares of the business services provider’s stock valued at $380,000 after purchasing an additional 126 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC purchased a new stake in S&P Global during the 3rd quarter worth approximately $213,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Activity at S&P Global

In other S&P Global news, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $245,775.00. Following the transaction, the insider now owns 13,217 shares of the company’s stock, valued at $6,496,816.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Steven J. Kemps sold 2,700 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the completion of the sale, the executive vice president now owns 1,455 shares in the company, valued at $715,205.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $245,775.00. Following the completion of the transaction, the insider now owns 13,217 shares in the company, valued at approximately $6,496,816.35. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,862 shares of company stock valued at $8,645,727 in the last three months. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Bank of America boosted their price target on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Morgan Stanley boosted their target price on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. increased their price target on S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. BMO Capital Markets boosted their price objective on S&P Global from $537.00 to $589.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Finally, Evercore ISI began coverage on shares of S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $565.92.

S&P Global Stock Up 0.4 %

SPGI stock traded up $1.92 during midday trading on Friday, reaching $495.13. 110,160 shares of the company were exchanged, compared to its average volume of 1,194,280. The company has a market cap of $154.98 billion, a price-to-earnings ratio of 46.74, a price-to-earnings-growth ratio of 2.76 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $533.29. The stock’s 50-day simple moving average is $513.82 and its 200 day simple moving average is $470.01.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same period last year, the firm posted $3.21 EPS. The company’s revenue was up 15.9% on a year-over-year basis. On average, equities analysts forecast that S&P Global Inc. will post 14.79 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s payout ratio is currently 34.50%.

S&P Global Company 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.