Haverford Financial Services Inc. Trims Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Haverford Financial Services Inc. cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 7.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,046 shares of the business services provider’s stock after selling 1,888 shares during the quarter. S&P Global makes up approximately 3.6% of Haverford Financial Services Inc.’s holdings, making the stock its 12th biggest position. Haverford Financial Services Inc.’s holdings in S&P Global were worth $12,423,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPGI. Northwest Investment Counselors LLC bought a new position in S&P Global in the 3rd quarter worth approximately $27,000. Sachetta LLC grew its stake in S&P Global by 103.4% during the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 30 shares in the last quarter. HWG Holdings LP purchased a new position in S&P Global during the second quarter valued at $27,000. Voisard Asset Management Group Inc. increased its holdings in S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 27 shares during the last quarter. Finally, Hobbs Group Advisors LLC purchased a new stake in S&P Global in the 2nd quarter worth $31,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. BMO Capital Markets reduced their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. 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. Wells Fargo & Company increased their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. decreased their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Stock Up 0.9 %

S&P Global stock traded up $4.26 during trading hours on Friday, reaching $484.62. The stock had a trading volume of 88,605 shares, compared to its average volume of 1,195,896. S&P Global Inc. has a 52 week low of $365.00 and a 52 week high of $533.29. The company has a market cap of $150.38 billion, a price-to-earnings ratio of 42.38, a PEG ratio of 2.50 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 1.03. The business’s 50 day moving average price is $512.79 and its 200-day moving average price is $472.23.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the prior year, the company posted $3.21 earnings per share. S&P Global’s revenue for the quarter was up 15.9% compared to the same quarter last year. Sell-side analysts anticipate that S&P Global Inc. will post 15.16 EPS for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Tuesday, November 26th. S&P Global’s payout ratio is currently 32.13%.

Insider Activity at S&P Global

In other news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction on 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.

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.