Ironwood Investment Management LLC Sells 25 Shares of S&P Global Inc. (NYSE:SPGI)

Ironwood Investment Management LLC lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 1.4% during the 2nd quarter, Holdings Channel reports. The fund owned 1,757 shares of the business services provider’s stock after selling 25 shares during the period. Ironwood Investment Management LLC’s holdings in S&P Global were worth $784,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SPGI. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of S&P Global by 107.2% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock worth $2,798,000 after acquiring an additional 2,962 shares during the period. AAFMAA Wealth Management & Trust LLC purchased a new position in shares of S&P Global during the 1st quarter valued at about $1,222,000. Quadrature Capital Ltd acquired a new position in shares of S&P Global in the 1st quarter valued at about $2,236,000. New Mexico Educational Retirement Board boosted its stake in shares of S&P Global by 20.5% in the first quarter. New Mexico Educational Retirement Board now owns 20,586 shares of the business services provider’s stock worth $8,444,000 after buying an additional 3,500 shares during the last quarter. Finally, Eventide Asset Management LLC grew its holdings in S&P Global by 85.0% during the fourth quarter. Eventide Asset Management LLC now owns 4,208 shares of the business services provider’s stock worth $1,854,000 after acquiring an additional 1,933 shares during the period. 87.17% of the stock is owned by institutional investors.

Insider Buying and Selling at S&P Global

In other news, CEO Douglas L. Peterson sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $483.60, for a total value of $3,385,200.00. Following the transaction, the chief executive officer now directly owns 154,912 shares in the company, valued at approximately $74,915,443.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction dated 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 completion of the transaction, the director now directly owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas L. Peterson sold 7,000 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the sale, the chief executive officer now directly owns 154,912 shares in the company, valued at approximately $74,915,443.20. The disclosure for this sale can be found here. Insiders sold a total of 17,862 shares of company stock worth $8,645,727 over the last three months. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Stifel Nicolaus lifted their price target on S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. UBS Group lifted their price target on shares of S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Wells Fargo & Company raised shares of S&P Global to a “strong-buy” rating in a report on Tuesday, August 13th. Royal Bank of Canada boosted their target price on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Barclays raised their price target on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $548.18.

S&P Global Stock Performance

NYSE:SPGI opened at $512.72 on Monday. The company’s 50-day moving average is $502.21 and its two-hundred day moving average is $458.44. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $528.02. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $160.43 billion, a price-to-earnings ratio of 57.48, a PEG ratio of 2.91 and a beta of 1.17.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, beating analysts’ consensus estimates of $3.67 by $0.37. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.12 earnings per share. Analysts forecast that S&P Global Inc. will post 14.57 EPS for the current year.

S&P Global Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

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.