S&P Global Inc. (NYSE:SPGI) Shares Sold by Cadence Bank

Cadence Bank lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 3.2% in the first quarter, HoldingsChannel reports. The fund owned 3,234 shares of the business services provider’s stock after selling 106 shares during the quarter. Cadence Bank’s holdings in S&P Global were worth $1,376,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SPGI. Private Wealth Management Group LLC acquired a new stake in S&P Global during the 4th quarter worth approximately $26,000. Pineridge Advisors LLC acquired a new stake in S&P Global during the 4th quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group increased its position in S&P Global by 64.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after purchasing an additional 25 shares in the last quarter. LFA Lugano Financial Advisors SA increased its position in S&P Global by 200.0% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock worth $33,000 after purchasing an additional 50 shares in the last quarter. Finally, Frazier Financial Advisors LLC purchased a new position in S&P Global in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SPGI shares. Erste Group Bank restated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Stifel Nicolaus increased their target price on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research note on Friday, April 26th. BMO Capital Markets increased their target price on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. UBS Group upped their price target on S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Finally, Barclays upped their price target on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $490.55.

S&P Global Stock Performance

Shares of SPGI traded up $6.46 during trading hours on Friday, reaching $489.79. 823,310 shares of the company’s stock traded hands, compared to its average volume of 1,259,968. The firm has a market capitalization of $153.26 billion, a price-to-earnings ratio of 55.16, a P/E/G ratio of 2.73 and a beta of 1.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $498.15. The business’s fifty day simple moving average is $449.75 and its two-hundred day simple moving average is $436.53.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. Analysts predict that S&P Global Inc. will post 14.27 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 annualized dividend and a yield of 0.74%. S&P Global’s dividend payout ratio is currently 40.81%.

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.