S&P Global Inc. (NYSE:SPGI) Shares Sold by Waverton Investment Management Ltd

Waverton Investment Management Ltd decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,953 shares of the business services provider’s stock after selling 96 shares during the quarter. Waverton Investment Management Ltd’s holdings in S&P Global were worth $2,210,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Private Wealth Management Group LLC acquired a new stake in S&P Global during the 4th quarter worth about $26,000. Pineridge Advisors LLC acquired a new stake in S&P Global during the fourth quarter worth about $26,000. Hobbs Group Advisors LLC purchased a new position in S&P Global during the second quarter valued at approximately $31,000. First Pacific Financial lifted its holdings in S&P Global by 49.0% in the second quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 24 shares during the period. Finally, Frazier Financial Advisors LLC purchased a new stake in S&P Global in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SPGI shares. Wells Fargo & Company upgraded shares of S&P Global to a “strong-buy” rating in a research note on Tuesday, August 13th. JPMorgan Chase & Co. upped their price objective on shares of S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Bank of America lifted their price target on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. UBS Group increased their price target on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Finally, Oppenheimer boosted their price objective on S&P Global from $486.00 to $540.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $535.25.

Insider Transactions at S&P Global

In related news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total value of $3,687,567.36. Following the completion of the sale, the director now owns 15,830 shares of the company’s stock, valued at $7,618,662.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the sale, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Edouard Tavernier sold 500 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $245,775.00. Following the completion of the transaction, the insider now owns 13,217 shares of the company’s stock, valued at $6,496,816.35. The disclosure for this sale can be found here. Insiders have sold a total of 17,862 shares of company stock worth $8,645,727 in the last quarter. Company insiders own 0.10% of the company’s stock.

S&P Global Stock Up 0.7 %

NYSE SPGI opened at $517.00 on Friday. The business has a fifty day moving average price of $485.35 and a 200 day moving average price of $447.98. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $161.77 billion, a P/E ratio of 57.96, a P/E/G ratio of 2.67 and a beta of 1.16. S&P Global Inc. has a one year low of $340.49 and a one year high of $518.59.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, topping the consensus estimate of $3.67 by $0.37. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.12 EPS. Research analysts anticipate that S&P Global Inc. will post 14.57 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.70%. The ex-dividend date is Tuesday, August 27th. S&P Global’s payout ratio is currently 40.81%.

About S&P Global

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.