WD Rutherford LLC Has $2.69 Million Position in S&P Global Inc. (NYSE:SPGI)

WD Rutherford LLC reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,200 shares of the business services provider’s stock after selling 139 shares during the quarter. WD Rutherford LLC’s holdings in S&P Global were worth $2,686,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SPGI. Northwest Investment Counselors LLC bought a new position in shares of S&P Global during the 3rd quarter valued at about $27,000. Sachetta LLC lifted its holdings in shares of S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares in the last quarter. HWG Holdings LP bought a new position in shares of S&P Global during the 2nd quarter valued at about $27,000. Hobbs Group Advisors LLC bought a new position in shares of S&P Global during the 2nd quarter valued at about $31,000. Finally, First Pacific Financial lifted its stake in S&P Global by 49.0% in the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 24 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SPGI shares. Morgan Stanley boosted their target price on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Oppenheimer boosted their target price on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. decreased their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, Royal Bank of Canada boosted their target price on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $571.31.

Insider Buying and Selling at S&P Global

In other S&P Global news, 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 value of $3,385,200.00. Following the completion of the transaction, the chief executive officer now directly owns 154,912 shares in the company, valued at approximately $74,915,443.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, 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 value 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 approximately $74,915,443.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of the 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 of the company’s stock, valued at approximately $7,618,662.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

S&P Global Stock Performance

SPGI opened at $486.58 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. S&P Global Inc. has a 52-week low of $340.49 and a 52-week high of $533.29. The firm has a market cap of $152.25 billion, a P/E ratio of 54.55, a price-to-earnings-growth ratio of 2.76 and a beta of 1.18. The business’s fifty day moving average is $513.42 and its 200-day moving average is $472.08.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the prior year, the company earned $3.21 EPS. S&P Global’s revenue for the quarter was up 15.9% on a year-over-year basis. Sell-side analysts expect that S&P Global Inc. will post 14.79 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.75%. S&P Global’s dividend payout ratio 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.