S&P Global Inc. (NYSE:SPGI) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,722 shares of the business services provider’s stock after selling 437 shares during the period. Metis Global Partners LLC’s holdings in S&P Global were worth $7,807,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SPGI. D.B. Root & Company LLC boosted its stake in S&P Global by 3.6% during the fourth quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock valued at $292,000 after buying an additional 23 shares in the last quarter. Mayflower Financial Advisors LLC boosted its position in shares of S&P Global by 3.3% during the 4th quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock valued at $315,000 after purchasing an additional 23 shares in the last quarter. Allworth Financial LP grew its stake in shares of S&P Global by 1.8% in the 4th quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock worth $598,000 after purchasing an additional 24 shares during the last quarter. Oakworth Capital Inc. raised its holdings in shares of S&P Global by 31.2% in the 4th quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock worth $44,000 after purchasing an additional 24 shares in the last quarter. Finally, Independence Bank of Kentucky lifted its stake in S&P Global by 1.7% during the fourth quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock valued at $655,000 after purchasing an additional 25 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Insider Activity at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the sale, the chief executive officer now owns 162,530 shares in the company, valued at $69,032,992.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by corporate insiders.

S&P Global Stock Performance

Shares of SPGI stock traded up $8.22 during trading on Friday, reaching $425.18. The company had a trading volume of 1,917,839 shares, compared to its average volume of 1,418,015. S&P Global Inc. has a one year low of $340.49 and a one year high of $461.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The firm’s 50 day simple moving average is $422.63 and its two-hundred day simple moving average is $419.93. The company has a market capitalization of $133.04 billion, a PE ratio of 47.67, a PEG ratio of 2.37 and a beta of 1.14.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.33. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. Sell-side analysts forecast that S&P Global Inc. will post 14.1 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $3.64 annualized dividend and a dividend yield of 0.86%. S&P Global’s payout ratio is 40.81%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SPGI shares. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Barclays upped 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, April 2nd. Oppenheimer lifted their price objective on shares of S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Stifel Nicolaus increased their target price on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Raymond James upped their price target on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $462.60.

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.