S&P Global Inc. (NYSE:SPGI) Shares Sold by Vestor Capital LLC

Vestor Capital LLC cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,739 shares of the business services provider’s stock after selling 132 shares during the quarter. Vestor Capital LLC’s holdings in S&P Global were worth $6,581,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SPGI. HWG Holdings LP purchased a new position in shares of S&P Global during the 2nd quarter worth $27,000. Northwest Investment Counselors LLC purchased a new position in S&P Global during the third quarter worth about $27,000. Sachetta LLC raised its stake 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 during the period. Hobbs Group Advisors LLC acquired a new position in S&P Global in the 2nd quarter valued at about $31,000. Finally, Voisard Asset Management Group Inc. grew its stake in shares of S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after buying an additional 27 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling

In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the 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 sale, the director now directly owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SPGI shares. Bank of America upped their price objective on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Evercore ISI started coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target on the stock. Wells Fargo & Company raised their price objective on S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Morgan Stanley upped their target price on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Finally, Oppenheimer lifted their price target on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Stock Performance

Shares of SPGI stock opened at $483.31 on Monday. S&P Global Inc. has a 52 week low of $365.00 and a 52 week high of $533.29. The firm has a 50 day moving average of $512.45 and a two-hundred day moving average of $473.62. The company has a quick ratio of 1.03, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $149.97 billion, a PE ratio of 42.66, a P/E/G ratio of 2.47 and a beta of 1.18.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.64 by $0.25. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. S&P Global’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.21 EPS. On average, research analysts predict that S&P Global Inc. will post 15.16 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.75%. S&P Global’s dividend payout ratio (DPR) is 32.13%.

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.