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

Laird Norton Wetherby Wealth Management LLC reduced its holdings in S&P Global Inc. (NYSE:SPGI) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,653 shares of the business services provider’s stock after selling 158 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in S&P Global were worth $6,800,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in SPGI. Anderson Financial Strategies LLC acquired a new stake in S&P Global during the fourth quarter worth about $27,000. Human Investing LLC acquired a new position in S&P Global during the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC acquired a new position in S&P Global during the fourth quarter valued at approximately $31,000. Hazlett Burt & Watson Inc. lifted its position in S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock valued at $32,000 after buying an additional 38 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its position in S&P Global by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after buying an additional 63 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Down 0.0%

Shares of SPGI opened at $507.44 on Monday. The company has a market capitalization of $155.63 billion, a P/E ratio of 41.09, a P/E/G ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a one year low of $419.49 and a one year high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50-day moving average price of $486.24 and a 200 day moving average price of $501.59.

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, beating analysts’ consensus estimates of $4.23 by $0.14. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. S&P Global’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.01 earnings per share. Sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Wednesday, May 28th. S&P Global’s dividend payout ratio is currently 30.16%.

Insider Activity at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president now owns 5,131 shares of the company’s stock, valued at $2,619,016.33. This trade represents a 8.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SPGI. Morgan Stanley upped their target price on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Evercore ISI upped their target price on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Wells Fargo & Company upped their target price on S&P Global from $607.00 to $627.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. decreased their target price on S&P Global from $618.00 to $565.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $592.71.

S&P Global Profile

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.