S&P Global Inc. (NYSE:SPGI) Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC cut its holdings in S&P Global Inc. (NYSE:SPGI) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,815 shares of the business services provider’s stock after selling 2,123 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in S&P Global were worth $61,383,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. HWG Holdings LP purchased a new position in shares of S&P Global in the 2nd quarter valued at $27,000. Sachetta LLC lifted its holdings 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 valued at $29,000 after purchasing an additional 30 shares during the last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of S&P Global in the 2nd quarter valued at about $31,000. First Pacific Financial grew its stake in S&P Global by 49.0% during the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock worth $33,000 after buying an additional 24 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new position in S&P Global during the second quarter worth approximately $36,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at S&P Global

In other news, EVP Steven J. Kemps sold 2,700 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $1,327,185.00. Following the sale, the executive vice president now directly owns 1,455 shares in the company, valued at $715,205.25. 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 through the SEC website. In related news, CEO Douglas L. Peterson sold 7,000 shares of the stock in a transaction 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 sale, the chief executive officer now owns 154,912 shares of the company’s stock, valued at $74,915,443.20. This trade 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, EVP Steven J. Kemps sold 2,700 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the completion of the transaction, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at $715,205.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 17,862 shares of company stock worth $8,645,727. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of research reports. UBS Group raised their target price on shares of S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Bank of America raised their price objective 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. Royal Bank of Canada upped their target price on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. raised their price target on S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, Wells Fargo & Company upped their price objective on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $565.17.

S&P Global Trading Up 1.1 %

Shares of SPGI stock opened at $524.80 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $533.29. The firm has a market capitalization of $164.21 billion, a PE ratio of 58.83, a P/E/G ratio of 2.91 and a beta of 1.18. The business’s fifty day moving average price is $512.21 and its 200 day moving average price is $467.89.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.37. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The company’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.12 EPS. As a group, sell-side analysts forecast that S&P Global Inc. will post 14.61 EPS for the current fiscal year.

S&P Global Dividend Announcement

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 $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.69%. S&P Global’s payout ratio is 40.81%.

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.