S&P Global Inc. (NYSE:SPGI) Shares Sold by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC trimmed its position in S&P Global Inc. (NYSE:SPGI) by 28.0% in the third quarter, Holdings Channel.com reports. The fund owned 1,476 shares of the business services provider’s stock after selling 574 shares during the period. Conestoga Capital Advisors LLC’s holdings in S&P Global were worth $763,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. HWG Holdings LP bought a new stake in shares of S&P Global in the 2nd quarter worth approximately $27,000. Northwest Investment Counselors LLC acquired a new position in shares of S&P Global during the 3rd quarter worth approximately $27,000. Sachetta LLC grew its holdings in 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 buying an additional 30 shares in the last quarter. Hobbs Group Advisors LLC bought a new stake in shares of S&P Global during the 2nd quarter valued at $31,000. Finally, Voisard Asset Management Group Inc. lifted its position 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 worth $32,000 after buying an additional 27 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling at S&P Global

In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the firm’s 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 transaction, the director now directly owns 15,830 shares in the company, valued at $7,618,662.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SPGI. Barclays increased their price target on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Evercore ISI began coverage on S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price for the company. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Robert W. Baird lifted their price target on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Bank of America boosted their target price on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Trading Up 1.0 %

Shares of NYSE:SPGI traded up $4.76 during trading on Friday, reaching $485.12. The stock had a trading volume of 303,778 shares, compared to its average volume of 1,197,035. The business has a fifty day moving average price of $512.79 and a 200-day moving average price of $472.23. The company has a quick ratio of 1.03, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a market cap of $150.53 billion, a P/E ratio of 42.38, a PEG ratio of 2.50 and a beta of 1.18. S&P Global Inc. has a fifty-two week low of $365.00 and a fifty-two week high of $533.29.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate 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 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 firm earned $3.21 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, analysts anticipate that S&P Global Inc. will post 15.16 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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

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.