S&P Global Inc. (NYSE:SPGI) Shares Sold by FDx Advisors Inc.

FDx Advisors Inc. trimmed its holdings in S&P Global Inc. (NYSE:SPGI) by 4.3% in the first quarter, Holdings Channel.com reports. The fund owned 838 shares of the business services provider’s stock after selling 38 shares during the period. FDx Advisors Inc.’s holdings in S&P Global were worth $426,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Minot DeBlois Advisors LLC acquired a new stake in S&P Global during the 4th quarter worth about $25,000. Anderson Financial Strategies LLC acquired a new stake in S&P Global during the 4th quarter worth about $27,000. Smallwood Wealth Investment Management LLC acquired a new stake in S&P Global during the 1st quarter worth about $28,000. Hazlett Burt & Watson Inc. raised its holdings in S&P Global by 131.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock worth $32,000 after buying an additional 38 shares during the period. Finally, Alpine Bank Wealth Management acquired a new stake in S&P Global during the 1st quarter worth about $33,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Robert W. Baird dropped their target price on S&P Global from $616.00 to $589.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Argus upgraded S&P Global to a “strong-buy” rating in a report on Friday, May 16th. UBS Group upped their target price on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Stifel Nicolaus dropped their target price on S&P Global from $629.00 to $603.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Finally, Morgan Stanley upped their target price on S&P Global from $587.00 to $595.00 and gave the company an “overweight” rating in a report on Monday, July 7th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $596.79.

S&P Global Trading Down 0.5%

Shares of NYSE SPGI opened at $527.05 on Friday. The stock has a market cap of $161.65 billion, a price-to-earnings ratio of 41.40, a PEG ratio of 2.56 and a beta of 1.19. The business has a 50 day simple moving average of $515.64 and a 200 day simple moving average of $505.48. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.23 by $0.14. The business had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.01 EPS. On average, research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.73%. S&P Global’s payout ratio is currently 30.16%.

Insider Transactions at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the company’s 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 completion of the sale, the executive vice president owned 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by insiders.

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.