Professional Advisory Services Inc. Decreases Holdings in S&P Global Inc. (NYSE:SPGI)

Professional Advisory Services Inc. reduced its position in S&P Global Inc. (NYSE:SPGI) by 8.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 28,821 shares of the business services provider’s stock after selling 2,798 shares during the period. S&P Global accounts for approximately 2.0% of Professional Advisory Services Inc.’s investment portfolio, making the stock its 28th largest holding. Professional Advisory Services Inc.’s holdings in S&P Global were worth $14,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Fisher Asset Management LLC raised its position in S&P Global by 0.9% in the fourth quarter. Fisher Asset Management LLC now owns 6,383 shares of the business services provider’s stock worth $2,812,000 after acquiring an additional 60 shares during the period. Signal Advisors Wealth LLC purchased a new position in S&P Global during the first quarter valued at $329,000. Wedmont Private Capital grew its holdings in S&P Global by 2.7% during the first quarter. Wedmont Private Capital now owns 3,152 shares of the business services provider’s stock valued at $1,371,000 after purchasing an additional 83 shares during the period. Park Avenue Securities LLC increased its position in S&P Global by 3.5% in the first quarter. Park Avenue Securities LLC now owns 12,069 shares of the business services provider’s stock worth $5,135,000 after buying an additional 410 shares in the last quarter. Finally, Aprio Wealth Management LLC raised its stake in shares of S&P Global by 23.7% in the first quarter. Aprio Wealth Management LLC now owns 699 shares of the business services provider’s stock worth $297,000 after buying an additional 134 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SPGI shares. Barclays increased their target price on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. JPMorgan Chase & Co. boosted their price objective 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. Stifel Nicolaus increased their target price on S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Bank of America boosted their price target on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Finally, Wells Fargo & Company increased their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $565.17.

S&P Global Trading Down 2.0 %

Shares of SPGI opened at $518.68 on Friday. The stock has a market capitalization of $162.29 billion, a PE ratio of 58.15, a P/E/G ratio of 2.91 and a beta of 1.18. The company’s fifty day moving average is $511.48 and its 200 day moving average is $467.22. 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 fifty-two week low of $340.49 and a fifty-two week high of $533.29.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.37. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The firm 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 firm posted $3.12 EPS. The business’s quarterly revenue was up 14.4% on a year-over-year basis. Sell-side analysts expect that S&P Global Inc. will post 14.61 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.70%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Insider Activity

In other 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 value of $1,327,185.00. Following the sale, the executive vice president now owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction 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 completion of the sale, the insider now directly owns 13,217 shares in the company, valued at approximately $6,496,816.35. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven J. Kemps sold 2,700 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the completion of the transaction, the executive vice president now owns 1,455 shares in the company, valued at approximately $715,205.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,862 shares of company stock valued at $8,645,727. 0.10% of the stock is currently owned by insiders.

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.