S&P Global Inc. (NYSE:SPGI) Shares Sold by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 5.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,409 shares of the business services provider’s stock after selling 84 shares during the quarter. Alpha Cubed Investments LLC’s holdings in S&P Global were worth $621,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP increased its position in S&P Global by 13.2% in the third quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock worth $2,769,787,000 after buying an additional 881,215 shares during the period. Morgan Stanley grew its stake in shares of S&P Global by 8.2% in the third quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock worth $2,067,807,000 after purchasing an additional 428,737 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of S&P Global by 1,750.0% in the third quarter. Assenagon Asset Management S.A. now owns 428,390 shares of the business services provider’s stock worth $156,538,000 after purchasing an additional 405,234 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of S&P Global by 42.7% in the third quarter. Envestnet Asset Management Inc. now owns 1,033,443 shares of the business services provider’s stock worth $377,630,000 after purchasing an additional 309,123 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of S&P Global by 35.5% in the third quarter. The Manufacturers Life Insurance Company now owns 1,179,024 shares of the business services provider’s stock worth $430,827,000 after purchasing an additional 308,683 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the sale, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

S&P Global Trading Up 0.1 %

NYSE:SPGI opened at $415.83 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $461.16. The firm has a market capitalization of $130.11 billion, a price-to-earnings ratio of 46.62, a price-to-earnings-growth ratio of 2.32 and a beta of 1.15. The stock has a fifty day simple moving average of $423.42 and a 200 day simple moving average of $418.78.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. Sell-side analysts forecast that S&P Global Inc. will post 14.09 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.88%. S&P Global’s dividend payout ratio is currently 40.81%.

Analyst Ratings Changes

Several research analysts recently weighed in on SPGI shares. Raymond James raised their target price on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Stifel Nicolaus raised their target price on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Oppenheimer raised their target price on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 target price on shares of S&P Global in a research note on Friday, February 9th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $462.60.

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.