First National Bank of South Miami Cuts Stock Position in S&P Global Inc. (NYSE:SPGI)

First National Bank of South Miami lowered its position in S&P Global Inc. (NYSE:SPGI) by 18.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 863 shares of the business services provider’s stock after selling 199 shares during the period. First National Bank of South Miami’s holdings in S&P Global were worth $346,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Exos TFP Holdings LLC purchased a new stake in S&P Global during the 4th quarter worth approximately $26,000. Ridgewood Investments LLC purchased a new stake in S&P Global during the 1st quarter worth approximately $28,000. Resources Management Corp CT ADV purchased a new stake in S&P Global during the 1st quarter worth approximately $28,000. Addison Advisors LLC lifted its stake in S&P Global by 74.5% during the 1st quarter. Addison Advisors LLC now owns 89 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 38 shares during the period. Finally, Pacifica Partners Inc. lifted its stake in S&P Global by 76.4% during the 1st quarter. Pacifica Partners Inc. now owns 97 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 42 shares during the period. Hedge funds and other institutional investors own 85.50% of the company’s stock.

S&P Global Price Performance

Shares of NYSE SPGI opened at $389.52 on Tuesday. The firm has a market cap of $123.95 billion, a PE ratio of 53.80, a PEG ratio of 2.42 and a beta of 1.12. The firm has a fifty day moving average of $396.79 and a 200 day moving average of $373.13. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.78 and a current ratio of 0.78. S&P Global Inc. has a one year low of $279.32 and a one year high of $428.65.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, July 27th. The business services provider reported $3.12 EPS for the quarter, hitting the consensus estimate of $3.12. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.05 billion. S&P Global had a net margin of 19.46% and a return on equity of 10.45%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.81 EPS. As a group, research analysts predict that S&P Global Inc. will post 12.5 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Monday, August 28th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 0.92%. The ex-dividend date was Friday, August 25th. S&P Global’s payout ratio is presently 49.72%.

Insider Transactions at S&P Global

In other news, insider Saugata Saha sold 200 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $390.13, for a total transaction of $78,026.00. Following the completion of the sale, the insider now owns 934 shares of the company’s stock, valued at $364,381.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Saugata Saha sold 200 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $390.13, for a total transaction of $78,026.00. Following the completion of the sale, the insider now owns 934 shares of the company’s stock, valued at $364,381.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas L. Peterson sold 9,657 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $394.11, for a total transaction of $3,805,920.27. Following the sale, the chief executive officer now directly owns 172,113 shares of the company’s stock, valued at approximately $67,831,454.43. The disclosure for this sale can be found here. Insiders sold 21,657 shares of company stock valued at $8,472,466 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SPGI. TheStreet cut shares of S&P Global from a “b” rating to a “c+” rating in a research note on Thursday, July 27th. Robert W. Baird decreased their price objective on shares of S&P Global from $460.00 to $451.00 and set an “outperform” rating for the company in a research note on Friday, July 28th. Barclays lifted their price objective on shares of S&P Global from $425.00 to $470.00 and gave the company an “overweight” rating in a research note on Friday, July 28th. Bank of America began coverage on shares of S&P Global in a research note on Thursday, June 15th. They set a “buy” rating for the company. Finally, Wolfe Research began coverage on shares of S&P Global in a research note on Thursday, September 14th. They set an “outperform” rating and a $453.00 price objective for the company. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $404.00.

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 six segments: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.