Greenwood Capital Associates LLC Decreases Stake in S&P Global Inc. (NYSE:SPGI)

Greenwood Capital Associates LLC cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 4.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,511 shares of the business services provider’s stock after selling 1,050 shares during the quarter. S&P Global comprises approximately 1.6% of Greenwood Capital Associates LLC’s investment portfolio, making the stock its 12th biggest holding. Greenwood Capital Associates LLC’s holdings in S&P Global were worth $12,146,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. HWG Holdings LP purchased a new stake in shares of S&P Global in the 2nd quarter valued at $27,000. Northwest Investment Counselors LLC acquired a new position in S&P Global during the third quarter valued at $27,000. Sachetta LLC boosted its holdings in S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares during the last quarter. Hobbs Group Advisors LLC acquired a new stake in S&P Global during the 2nd quarter worth about $31,000. Finally, Voisard Asset Management Group Inc. raised its stake in shares of S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after buying an additional 27 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Up 0.5 %

Shares of S&P Global stock opened at $485.77 on Tuesday. S&P Global Inc. has a twelve month low of $381.33 and a twelve month high of $533.29. The firm’s 50-day moving average price is $512.12 and its 200 day moving average price is $474.13. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $150.73 billion, a PE ratio of 42.87, a P/E/G ratio of 2.48 and a beta of 1.18.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the previous year, the business earned $3.21 earnings per share. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, sell-side analysts predict that S&P Global Inc. will post 15.16 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. 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 32.13%.

Insider Buying and Selling at S&P Global

In other news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction that occurred on 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 sale, the director now directly owns 15,830 shares in the company, valued at $7,618,662.40. This 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 is available at this link. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

SPGI has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Bank of America lifted their target price on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. BMO Capital Markets lowered their price target on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Royal Bank of Canada raised their price target on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Company 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.