S&P Global Inc. (NYSE:SPGI) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 11.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 410,242 shares of the business services provider’s stock after selling 53,141 shares during the quarter. Assenagon Asset Management S.A. owned about 0.13% of S&P Global worth $211,939,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of SPGI. HWG Holdings LP acquired a new position in shares of S&P Global during the second quarter valued at approximately $27,000. Northwest Investment Counselors LLC acquired a new position in shares of S&P Global during the 3rd quarter valued at $27,000. Sachetta LLC raised its stake in shares of S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after buying an additional 30 shares in the last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of S&P Global in the second quarter valued at $31,000. Finally, 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 valued at $33,000 after buying an additional 24 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Insider Activity

In other S&P Global news, CEO Douglas L. Peterson sold 7,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 154,912 shares of the company’s stock, valued at $74,915,443.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other S&P Global news, CEO Douglas L. Peterson sold 7,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the completion of the sale, the chief executive officer now directly owns 154,912 shares in the company, valued at $74,915,443.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of the firm’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 sale, the director now directly owns 15,830 shares in the company, valued at approximately $7,618,662.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,862 shares of company stock valued at $8,645,727. Insiders own 0.10% of the company’s stock.

S&P Global Stock Down 2.5 %

Shares of SPGI stock traded down $12.60 during trading on Thursday, hitting $498.32. 748,560 shares of the company were exchanged, compared to its average volume of 1,194,734. The firm has a market capitalization of $155.92 billion, a price-to-earnings ratio of 56.20, a P/E/G ratio of 2.91 and a beta of 1.18. 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 $513.82 and its 200 day simple moving average is $470.01. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $533.29.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.42 billion. During the same period in the previous year, the company earned $3.12 EPS. The firm’s revenue was up 14.4% on a year-over-year basis. As a group, analysts forecast that S&P Global Inc. will post 14.61 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.73%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Analyst Ratings Changes

Several equities research analysts have commented on SPGI shares. Bank of America boosted their price target 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 increased their target price 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. Stifel Nicolaus lifted their price target on shares of S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. UBS Group increased their price objective on S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Finally, BMO Capital Markets lifted their target price on S&P Global from $537.00 to $589.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and an average price target of $565.17.

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.