S&P Global Inc. (NYSE:SPGI) is Court Place Advisors LLC’s 8th Largest Position

Court Place Advisors LLC trimmed its holdings in S&P Global Inc. (NYSE:SPGI) by 0.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,895 shares of the business services provider’s stock after selling 25 shares during the quarter. S&P Global accounts for approximately 2.7% of Court Place Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. Court Place Advisors LLC’s holdings in S&P Global were worth $9,245,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new position in shares of S&P Global during the 3rd quarter valued at approximately $27,000. Sachetta LLC grew its position in S&P Global by 103.4% during the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after buying an additional 30 shares during the period. HWG Holdings LP purchased a new position in S&P Global in the second quarter valued at $27,000. Hobbs Group Advisors LLC acquired a new position in shares of S&P Global in the second quarter worth about $31,000. Finally, First Pacific Financial boosted its stake in shares of S&P Global by 49.0% during the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock worth $33,000 after acquiring an additional 24 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

Shares of NYSE SPGI traded up $1.92 during mid-day trading on Friday, reaching $495.13. The company’s stock had a trading volume of 110,160 shares, compared to its average volume of 1,194,280. The stock has a market capitalization of $154.98 billion, a P/E ratio of 46.74, a P/E/G ratio of 2.76 and a beta of 1.18. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $533.29. The stock has a 50-day moving average of $513.82 and a two-hundred day moving average of $470.01. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. S&P Global’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.21 EPS. On average, equities research analysts anticipate that S&P Global Inc. will post 14.79 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is currently 34.50%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SPGI shares. Evercore ISI began coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target for the company. Stifel Nicolaus raised 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. JPMorgan Chase & Co. upped their target price on S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Bank of America lifted their price target on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Finally, Barclays upped their price objective on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $565.92.

Insider Buying and Selling at S&P Global

In other news, insider Edouard Tavernier sold 500 shares of S&P Global 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 transaction, the insider now owns 13,217 shares in the company, valued at $6,496,816.35. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Steven J. Kemps sold 2,700 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was 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 directly owns 1,455 shares in the company, valued at approximately $715,205.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following the completion of the sale, the insider now owns 13,217 shares in the company, valued at $6,496,816.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,862 shares of company stock worth $8,645,727 in the last three months. 0.10% of the stock is owned by corporate insiders.

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.