S&P Global Inc. (NYSE:SPGI) Shares Sold by Hills Bank & Trust Co

Hills Bank & Trust Co cut its position in S&P Global Inc. (NYSE:SPGI) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,305 shares of the business services provider’s stock after selling 118 shares during the quarter. Hills Bank & Trust Co’s holdings in S&P Global were worth $2,812,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPGI. Private Wealth Management Group LLC bought a new stake in shares of S&P Global during the fourth quarter valued at about $26,000. Pineridge Advisors LLC bought a new stake in shares of S&P Global during the 4th quarter worth about $26,000. Hobbs Group Advisors LLC acquired a new stake in shares of S&P Global in the 2nd quarter worth approximately $31,000. First Pacific Financial boosted its holdings in shares of S&P Global by 49.0% in the second quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 24 shares in the last quarter. Finally, Frazier Financial Advisors LLC bought a new position in shares of S&P Global in the fourth quarter valued at approximately $36,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at S&P Global

In other news, EVP Steven J. Kemps sold 2,700 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the transaction, the executive vice president now directly owns 1,455 shares in the company, valued at approximately $715,205.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Steven J. Kemps sold 2,700 shares of S&P Global stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the completion of the sale, the executive vice president now directly owns 1,455 shares in the company, valued at approximately $715,205.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total value of $3,687,567.36. Following the completion of the sale, the director now directly owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The disclosure for this sale can be found here. Insiders sold 17,862 shares of company stock valued at $8,645,727 over the last three months. 0.10% of the stock is owned by corporate insiders.

S&P Global Trading Up 0.4 %

Shares of NYSE:SPGI traded up $1.87 during mid-day trading on Friday, hitting $500.59. The stock had a trading volume of 679,849 shares, compared to its average volume of 1,240,709. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $502.95. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 1.03. The company has a market cap of $156.63 billion, a PE ratio of 56.12, a P/E/G ratio of 2.55 and a beta of 1.16. The company’s 50 day moving average is $473.07 and its 200-day moving average is $443.08.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, topping the consensus estimate of $3.67 by $0.37. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. S&P Global’s revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.12 earnings per share. On average, sell-side analysts predict that S&P Global Inc. will post 14.58 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be issued a $0.91 dividend. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.73%. S&P Global’s dividend payout ratio is 40.81%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SPGI shares. UBS Group upped their target price on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Stifel Nicolaus upped their price objective on S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Oppenheimer raised their target price on S&P Global from $486.00 to $540.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Wells Fargo & Company upgraded shares of S&P Global to a “strong-buy” rating in a research report on Tuesday, August 13th. Finally, Barclays upped their price target on shares of S&P Global from $520.00 to $550.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target of $530.75.

S&P Global Profile

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.