S&P Global Inc. (NYSE:SPGI) Stock Position Decreased by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 7.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,224 shares of the business services provider’s stock after selling 92 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in S&P Global were worth $547,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SPGI. Pineridge Advisors LLC acquired a new stake in shares of S&P Global in the fourth quarter worth $26,000. Sachetta LLC boosted its position in shares of S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after buying an additional 30 shares during the period. Hobbs Group Advisors LLC acquired a new stake in shares of S&P Global in the second quarter worth $31,000. First Pacific Financial boosted its position in shares of S&P Global by 49.0% in 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 stake in shares of S&P Global during the fourth quarter worth $36,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. BMO Capital Markets increased their price objective on S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Bank of America increased their price objective on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Stifel Nicolaus increased their price objective on S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Wells Fargo & Company upgraded S&P Global to a “strong-buy” rating in a report on Tuesday, August 13th. Finally, Barclays raised their target price on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $548.18.

Insider Buying and Selling

In other news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was 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 in the company, valued at approximately $7,618,662.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Edouard Tavernier sold 500 shares of the company’s 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 $245,775.00. Following the sale, the insider now directly owns 13,217 shares in the company, valued at approximately $6,496,816.35. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of the company’s 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 completion of the sale, the director now owns 15,830 shares in the company, valued at $7,618,662.40. The disclosure for this sale can be found here. Insiders have sold a total of 17,862 shares of company stock valued at $8,645,727 over the last three months. 0.10% of the stock is owned by corporate insiders.

S&P Global Trading Down 0.9 %

S&P Global stock opened at $522.41 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50-day simple moving average is $496.16 and its 200-day simple moving average is $453.28. The firm has a market capitalization of $163.46 billion, a PE ratio of 58.57, a PEG ratio of 2.68 and a beta of 1.17. S&P Global Inc. has a 52 week low of $340.49 and a 52 week high of $528.02.

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

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Tuesday, August 27th. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

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.