IFM Investors Pty Ltd Sells 341 Shares of S&P Global Inc. (NYSE:SPGI)

IFM Investors Pty Ltd lowered its position in S&P Global Inc. (NYSE:SPGI) by 0.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 64,117 shares of the business services provider’s stock after selling 341 shares during the quarter. IFM Investors Pty Ltd’s holdings in S&P Global were worth $33,124,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in S&P Global by 107.2% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock valued at $2,798,000 after acquiring an additional 2,962 shares during the period. AAFMAA Wealth Management & Trust LLC bought a new position in S&P Global during the first quarter valued at $1,222,000. Quadrature Capital Ltd bought a new stake in S&P Global in the 1st quarter valued at about $2,236,000. New Mexico Educational Retirement Board lifted its stake in shares of S&P Global by 20.5% during the 1st quarter. New Mexico Educational Retirement Board now owns 20,586 shares of the business services provider’s stock valued at $8,444,000 after buying an additional 3,500 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of S&P Global by 21.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 34,683 shares of the business services provider’s stock worth $14,756,000 after acquiring an additional 6,162 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SPGI. Barclays boosted their price objective on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Morgan Stanley boosted their target price on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. UBS Group upped their price target on shares of S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Finally, Bank of America lifted their target price on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus target price of $565.17.

Insider Activity

In other S&P Global news, insider Edouard Tavernier sold 500 shares of the business’s 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 sale, the insider now directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Douglas L. Peterson sold 7,000 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the completion of the transaction, the chief executive officer now owns 154,912 shares in the company, valued at $74,915,443.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Edouard Tavernier sold 500 shares of the stock in a transaction 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 sale, the insider now owns 13,217 shares in the company, valued at approximately $6,496,816.35. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,862 shares of company stock worth $8,645,727. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Price Performance

SPGI stock traded down $12.12 during midday trading on Thursday, hitting $498.80. The company’s stock had a trading volume of 703,039 shares, compared to its average volume of 1,194,513. The firm has a market capitalization of $156.07 billion, a price-to-earnings ratio of 56.20, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $533.29. The company has a 50 day moving average of $513.82 and a two-hundred day moving average of $470.01.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, topping analysts’ consensus estimates of $3.67 by $0.37. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.42 billion. During the same period in the previous year, the business earned $3.12 earnings per share. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, analysts expect that S&P Global Inc. will post 14.61 EPS for the current year.

S&P Global Announces Dividend

The firm 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. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.73%. S&P Global’s dividend payout ratio (DPR) is presently 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.