S&P Global Inc. (NYSE:SPGI) Shares Sold by Golden State Equity Partners

Golden State Equity Partners lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 79.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 553 shares of the business services provider’s stock after selling 2,131 shares during the quarter. Golden State Equity Partners’ holdings in S&P Global were worth $286,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of SPGI. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew 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 valued at $2,798,000 after buying an additional 2,962 shares in the last quarter. AAFMAA Wealth Management & Trust LLC acquired a new position in shares of S&P Global during the first quarter worth $1,222,000. Quadrature Capital Ltd purchased a new position in shares of S&P Global in the first quarter valued at $2,236,000. O Shaughnessy Asset Management LLC grew its holdings in S&P Global by 21.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 34,683 shares of the business services provider’s stock valued at $14,756,000 after purchasing an additional 6,162 shares in the last quarter. Finally, Nwam LLC increased its stake in S&P Global by 45.5% during the 1st quarter. Nwam LLC now owns 1,043 shares of the business services provider’s stock worth $446,000 after buying an additional 326 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $480.20 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. The firm has a 50-day simple moving average of $512.79 and a 200 day simple moving average of $472.23. S&P Global Inc. has a fifty-two week low of $342.93 and a fifty-two week high of $533.29. The company has a market cap of $150.25 billion, a PE ratio of 53.83, a P/E/G ratio of 2.76 and a beta of 1.18.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the prior year, the firm earned $3.21 EPS. The business’s quarterly revenue was up 15.9% on a year-over-year basis. On average, sell-side analysts anticipate that S&P Global Inc. will post 14.79 EPS for the current year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is 40.81%.

Insider Transactions at S&P Global

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 transaction 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 $7,618,662.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on SPGI shares. BMO Capital Markets decreased their price objective on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. UBS Group raised their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Robert W. Baird upped their target price on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Royal Bank of Canada raised their price target on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $571.31.

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.