S&P Global Inc. (NYSE:SPGI) Position Reduced by Zions Bancorporation N.A.

Zions Bancorporation N.A. decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 4.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,879 shares of the business services provider’s stock after selling 351 shares during the period. Zions Bancorporation N.A.’s holdings in S&P Global were worth $3,514,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. Private Wealth Management Group LLC bought a new stake in S&P Global during the fourth quarter worth approximately $26,000. Pineridge Advisors LLC bought a new stake in S&P Global during the fourth quarter worth approximately $26,000. Sachetta LLC raised its holdings in S&P Global by 103.4% during the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after purchasing an additional 30 shares in the last quarter. Hobbs Group Advisors LLC bought a new stake in S&P Global during the second quarter worth approximately $31,000. Finally, First Pacific Financial raised its holdings in 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. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.8 %

S&P Global stock opened at $520.01 on Friday. The company’s fifty day simple moving average is $492.16 and its 200-day simple moving average is $451.00. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $521.50. The stock has a market cap of $162.76 billion, a P/E ratio of 58.30, a P/E/G ratio of 2.68 and a beta of 1.17.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, beating the consensus estimate of $3.67 by $0.37. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.42 billion. During the same period in the previous year, the company posted $3.12 EPS. S&P Global’s revenue was up 14.4% on a year-over-year basis. As a group, sell-side analysts forecast that S&P Global Inc. will post 14.58 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Tuesday, August 27th. S&P Global’s dividend payout ratio is currently 40.81%.

Insider Activity

In related news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction 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 in the company, valued at $7,618,662.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction 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 in the company, valued at $7,618,662.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edouard Tavernier sold 500 shares of the company’s stock in a transaction 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 owns 13,217 shares of the company’s stock, valued at $6,496,816.35. The disclosure for this sale can be found here. Insiders have sold a total of 17,862 shares of company stock worth $8,645,727 in the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on SPGI shares. Morgan Stanley boosted their target price on S&P Global from $530.00 to $564.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. JPMorgan Chase & Co. upped their price target on S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Barclays upped their price target on S&P Global from $520.00 to $550.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Oppenheimer upped their price target on S&P Global from $486.00 to $540.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, 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 report on Tuesday, July 9th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $535.25.

S&P Global Company 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.