Dorsey & Whitney Trust CO LLC Sells 103 Shares of S&P Global Inc. (NYSE:SPGI)

Dorsey & Whitney Trust CO LLC lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 3.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,974 shares of the business services provider’s stock after selling 103 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in S&P Global were worth $1,326,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Private Wealth Management Group LLC purchased a new position in S&P Global during the fourth quarter worth $26,000. Pineridge Advisors LLC purchased a new position in S&P Global during the fourth quarter worth $26,000. Hobbs Group Advisors LLC purchased a new position in S&P Global during the second quarter worth $31,000. First Pacific Financial boosted its stake 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 buying an additional 24 shares during the period. Finally, Frazier Financial Advisors LLC purchased a new position in S&P Global during the fourth quarter worth $36,000. Institutional investors own 87.17% of the company’s stock.

Insiders Place Their Bets

In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction dated 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 transaction, 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 accessible through the SEC website. In other S&P Global news, EVP Steven J. Kemps sold 2,700 shares of the business’s stock in a transaction dated 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 directly owns 1,455 shares in the company, valued at $715,205.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the transaction, the director now owns 15,830 shares in the company, valued at approximately $7,618,662.40. 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. 0.10% of the stock is owned by corporate insiders.

S&P Global Stock Up 0.8 %

NYSE:SPGI opened at $520.00 on Wednesday. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $521.50. The company has a 50-day moving average of $489.43 and a 200 day moving average of $450.06. The firm has a market cap of $162.76 billion, a PE ratio of 58.30, a price-to-earnings-growth ratio of 2.65 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.42 billion. During the same period in the prior year, the firm earned $3.12 earnings per share. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, research analysts anticipate that S&P Global Inc. will post 14.58 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, September 11th. Shareholders of record on Tuesday, August 27th will be issued a $0.91 dividend. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a yield of 0.70%. S&P Global’s dividend payout ratio is presently 40.81%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several recent analyst reports. Stifel Nicolaus lifted their price objective on shares of S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada boosted their target price on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Oppenheimer boosted their target price on shares of S&P Global from $486.00 to $540.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Wells Fargo & Company raised shares of S&P Global to a “strong-buy” rating in a research note on Tuesday, August 13th. Finally, Bank of America boosted their target price 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. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $535.25.

About S&P Global

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.