S&P Global Inc. (NYSE:SPGI) Shares Sold by Wedgewood Partners Inc.

Wedgewood Partners Inc. trimmed its position in S&P Global Inc. (NYSE:SPGI) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,360 shares of the business services provider’s stock after selling 1,022 shares during the quarter. S&P Global makes up approximately 2.3% of Wedgewood Partners Inc.’s portfolio, making the stock its 15th largest position. Wedgewood Partners Inc.’s holdings in S&P Global were worth $11,634,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Brookstone Capital Management acquired a new position in shares of S&P Global during the 4th quarter worth about $272,000. Wedge Capital Management L L P NC increased its position in shares of S&P Global by 4.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider’s stock valued at $265,000 after purchasing an additional 23 shares during the period. HB Wealth Management LLC increased its holdings in S&P Global by 22.6% in the 4th quarter. HB Wealth Management LLC now owns 7,542 shares of the business services provider’s stock valued at $3,756,000 after buying an additional 1,391 shares during the period. Ameritas Advisory Services LLC lifted its stake in S&P Global by 96.6% during the fourth quarter. Ameritas Advisory Services LLC now owns 1,056 shares of the business services provider’s stock worth $526,000 after purchasing an additional 519 shares during the period. Finally, Smith Salley Wealth Management lifted its position in shares of S&P Global by 0.6% during the 4th quarter. Smith Salley Wealth Management now owns 37,079 shares of the business services provider’s stock worth $18,466,000 after buying an additional 238 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several recent analyst reports. Stifel Nicolaus dropped their price objective on S&P Global from $629.00 to $603.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Mizuho began coverage on shares of S&P Global in a research report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price target on the stock. Robert W. Baird dropped their price objective on shares of S&P Global from $616.00 to $589.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Evercore ISI raised their price target on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Finally, UBS Group increased their target price on S&P Global from $555.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $592.71.

Insider Activity at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of the sale, the executive vice president now owns 5,131 shares in the company, valued at approximately $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 accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Stock Performance

NYSE SPGI opened at $522.36 on Monday. The firm has a 50-day moving average of $487.94 and a 200-day moving average of $502.70. 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 market cap of $160.21 billion, a PE ratio of 42.30, a P/E/G ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a 52-week low of $419.49 and a 52-week high of $545.39.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $4.01 EPS. On average, sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. S&P Global’s payout ratio is 30.16%.

S&P Global Company 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.