Quest Investment Management LLC Sells 19,679 Shares of S&P Global Inc. (NYSE:SPGI)

Quest Investment Management LLC lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 51.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,694 shares of the business services provider’s stock after selling 19,679 shares during the period. Quest Investment Management LLC’s holdings in S&P Global were worth $8,338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Sapient Capital LLC increased its position in shares of S&P Global by 2.5% in the 2nd quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock valued at $385,000 after buying an additional 21 shares in the last quarter. Chatham Capital Group Inc. increased its holdings in shares of S&P Global by 0.5% in the second quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock worth $2,007,000 after acquiring an additional 21 shares in the last quarter. D.B. Root & Company LLC raised its position in shares of S&P Global by 2.4% during the second quarter. D.B. Root & Company LLC now owns 955 shares of the business services provider’s stock worth $426,000 after purchasing an additional 22 shares during the period. Modera Wealth Management LLC raised its position in shares of S&P Global by 2.3% during the second quarter. Modera Wealth Management LLC now owns 960 shares of the business services provider’s stock worth $428,000 after purchasing an additional 22 shares during the period. Finally, Foundations Investment Advisors LLC lifted its holdings in shares of S&P Global by 1.0% during the 2nd quarter. Foundations Investment Advisors LLC now owns 2,133 shares of the business services provider’s stock valued at $951,000 after purchasing an additional 22 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at S&P Global

In related news, Director Robert P. Kelly sold 7,662 shares of S&P Global 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 completion of the sale, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the completion of the sale, the director now owns 15,830 shares of the company’s stock, valued at $7,618,662.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven J. Kemps sold 2,700 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the completion of the transaction, the executive vice president now owns 1,455 shares in the company, valued at $715,205.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,862 shares of company stock worth $8,645,727. 0.10% of the stock is owned by insiders.

S&P Global Trading Down 0.1 %

S&P Global stock opened at $523.67 on Friday. The stock has a 50-day simple moving average of $499.16 and a 200 day simple moving average of $455.14. The stock has a market capitalization of $163.86 billion, a P/E ratio of 58.71, a PEG ratio of 2.68 and a beta of 1.17. 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 Inc. has a 52 week low of $340.49 and a 52 week high of $528.02.

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

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Tuesday, August 27th. S&P Global’s payout ratio is presently 40.81%.

Analyst Ratings Changes

Several brokerages have recently issued reports on SPGI. Bank of America increased their price objective on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Barclays lifted their price target on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. BMO Capital Markets boosted their price target on S&P Global from $532.00 to $537.00 and gave the company an “outperform” 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, Oppenheimer boosted their target price on S&P Global from $486.00 to $540.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus price target of $548.18.

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.