S&P Global Inc. (NYSE:SPGI) Shares Sold by Mattern Wealth Management LLC

Mattern Wealth Management LLC lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 60.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,422 shares of the business services provider’s stock after selling 2,192 shares during the quarter. Mattern Wealth Management LLC’s holdings in S&P Global were worth $735,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. RFG Advisory LLC bought a new stake in S&P Global during the first quarter worth approximately $207,000. Riverview Trust Co bought a new stake in shares of S&P Global during the 1st quarter worth $45,000. Dynamic Advisor Solutions LLC grew its holdings in shares of S&P Global by 5.0% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 7,082 shares of the business services provider’s stock worth $3,013,000 after acquiring an additional 335 shares during the last quarter. Kingswood Wealth Advisors LLC raised its position in shares of S&P Global by 16.1% during the first quarter. Kingswood Wealth Advisors LLC now owns 1,047 shares of the business services provider’s stock worth $445,000 after purchasing an additional 145 shares during the period. Finally, Elevated Capital Advisors LLC lifted its holdings in shares of S&P Global by 6.8% during the first quarter. Elevated Capital Advisors LLC now owns 1,639 shares of the business services provider’s stock valued at $697,000 after purchasing an additional 105 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SPGI. Evercore ISI initiated coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target on the stock. BMO Capital Markets lifted their target price on shares of S&P Global from $537.00 to $589.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Royal Bank of Canada upped their price target on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Stifel Nicolaus upped their price target on S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Oppenheimer raised their price objective on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Two 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 company has an average rating of “Moderate Buy” and an average target price of $565.17.

S&P Global Stock Down 2.0 %

NYSE SPGI traded down $10.42 during trading on Tuesday, reaching $512.77. The company’s stock had a trading volume of 304,277 shares, compared to its average volume of 1,192,801. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $160.45 billion, a PE ratio of 58.65, a PEG ratio of 2.91 and a beta of 1.18. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $533.29. The business has a 50-day moving average price of $512.98 and a 200-day moving average price of $469.15.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.42 billion. During the same quarter in the previous year, the business earned $3.12 EPS. S&P Global’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, research analysts forecast that S&P Global Inc. will post 14.61 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.71%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Insider Buying and Selling

In related news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the completion of the transaction, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Douglas L. Peterson sold 7,000 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the transaction, the chief executive officer now owns 154,912 shares of the company’s stock, valued at approximately $74,915,443.20. 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 hyperlink. Also, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,862 shares of company stock worth $8,645,727 in the last quarter. 0.10% of the stock is currently owned by company insiders.

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.