S&P Global Inc. (NYSE:SPGI) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC lowered its stake in S&P Global Inc. (NYSE:SPGI) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,285 shares of the business services provider’s stock after selling 2,258 shares during the quarter. Pathstone Holdings LLC’s holdings in S&P Global were worth $26,041,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Minot DeBlois Advisors LLC acquired a new position in shares of S&P Global in the fourth quarter worth $25,000. Anderson Financial Strategies LLC purchased a new stake in S&P Global in the fourth quarter valued at $27,000. Human Investing LLC purchased a new position in shares of S&P Global during the fourth quarter worth approximately $30,000. Noble Wealth Management PBC purchased a new stake in S&P Global during the 4th quarter valued at approximately $31,000. Finally, Hazlett Burt & Watson Inc. raised its position in S&P Global by 131.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock worth $32,000 after buying an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI opened at $512.09 on Thursday. The firm has a 50-day moving average price of $486.48 and a 200 day moving average price of $501.96. The firm has a market capitalization of $157.06 billion, a PE ratio of 41.46, a P/E/G ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a 52-week low of $419.49 and a 52-week high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

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

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global’s dividend payout ratio is presently 30.16%.

Analyst Ratings Changes

Several equities research analysts have commented on SPGI shares. Robert W. Baird decreased their target price on shares of S&P Global from $616.00 to $589.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Mizuho started coverage on S&P Global in a research note on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 target price for the company. JPMorgan Chase & Co. cut their price objective on S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Bank of America assumed coverage on S&P Global in a report on Thursday, April 10th. They issued a “buy” rating and a $600.00 price target for the company. Finally, Stifel Nicolaus cut their price objective on S&P Global from $629.00 to $603.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $592.71.

Insider Buying and Selling

In related news, EVP Sally Moore sold 500 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president now directly owns 5,131 shares of the company’s stock, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

About S&P Global

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.