Eclectic Associates Inc. ADV Decreases Stake in S&P Global Inc. (NYSE:SPGI)

Eclectic Associates Inc. ADV cut its holdings in S&P Global Inc. (NYSE:SPGI) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 678 shares of the business services provider’s stock after selling 24 shares during the quarter. Eclectic Associates Inc. ADV’s holdings in S&P Global were worth $344,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in S&P Global by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider’s stock worth $3,273,264,000 after purchasing an additional 116,208 shares during the last quarter. Norges Bank acquired a new position in S&P Global during the fourth quarter worth $1,725,084,000. Northern Trust Corp raised its holdings in S&P Global by 19.1% during the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider’s stock worth $1,631,568,000 after purchasing an additional 525,347 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in S&P Global by 13.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider’s stock worth $1,529,653,000 after purchasing an additional 357,790 shares during the last quarter. Finally, Amundi raised its holdings in S&P Global by 6.6% during the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider’s stock worth $1,162,979,000 after purchasing an additional 145,434 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at S&P Global

In other news, EVP Sally Moore sold 500 shares of the company’s stock in a transaction dated Monday, May 5th. The stock was 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 of the company’s stock, valued at $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

S&P Global Price Performance

SPGI stock opened at $514.20 on Thursday. The stock has a 50-day moving average price of $492.47 and a two-hundred day moving average price of $504.04. S&P Global Inc. has a 12-month low of $425.49 and a 12-month high of $545.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The company has a market cap of $157.71 billion, a PE ratio of 41.64, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.23 by $0.14. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the business earned $4.01 earnings per share. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, research analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global’s dividend payout ratio (DPR) is presently 30.16%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Bank of America assumed coverage on S&P Global in a report on Thursday, April 10th. They set a “buy” rating and a $600.00 price objective for the company. Robert W. Baird cut their price target on S&P Global from $616.00 to $589.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Wells Fargo & Company boosted their price target on S&P Global from $607.00 to $627.00 and gave the stock an “overweight” rating in a report on Wednesday, April 30th. Wall Street Zen cut S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Morgan Stanley boosted their price target on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.