Candriam S.C.A. Sells 14,841 Shares of S&P Global Inc. (NYSE:SPGI)

Candriam S.C.A. trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 11.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 120,485 shares of the business services provider’s stock after selling 14,841 shares during the quarter. Candriam S.C.A.’s holdings in S&P Global were worth $53,734,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Private Wealth Management Group LLC purchased a new position in shares of S&P Global in the 4th quarter worth approximately $26,000. Pineridge Advisors LLC acquired a new stake in S&P Global in the fourth quarter valued at approximately $26,000. Hobbs Group Advisors LLC purchased a new position in S&P Global in the second quarter worth $31,000. First Pacific Financial increased its position in shares of S&P Global by 49.0% during the second quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock worth $33,000 after purchasing an additional 24 shares in the last quarter. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of S&P Global during the 4th quarter valued at $36,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 1.2 %

Shares of S&P Global stock opened at $510.64 on Friday. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $521.50. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $159.78 billion, a P/E ratio of 57.25, a price-to-earnings-growth ratio of 2.67 and a beta of 1.16. The firm has a 50-day simple moving average of $486.64 and a two-hundred day simple moving average of $448.58.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.67 by $0.37. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.12 earnings per share. As a group, equities analysts predict that S&P Global Inc. will post 14.57 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s payout ratio is presently 40.81%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SPGI. Barclays increased their price target on S&P Global from $520.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. raised their price target on shares of S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Stifel Nicolaus boosted their price objective on shares of S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Wells Fargo & Company upgraded S&P Global to a “strong-buy” rating in a research note on Tuesday, August 13th. Finally, Bank of America boosted their price target on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $535.25.

Insiders Place Their Bets

In other news, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following the sale, the insider now owns 13,217 shares in the company, valued at $6,496,816.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Edouard Tavernier sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $245,775.00. Following the completion of the sale, the insider now directly owns 13,217 shares in the company, valued at $6,496,816.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven J. Kemps sold 2,700 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $1,327,185.00. Following the completion of the transaction, the executive vice president now owns 1,455 shares in the company, valued at approximately $715,205.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,862 shares of company stock worth $8,645,727. Company insiders own 0.10% of the company’s stock.

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.