S&P Global Inc. (NYSE:SPGI) Shares Sold by Rothschild & Co Wealth Management UK Ltd

Rothschild & Co Wealth Management UK Ltd cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,372,778 shares of the business services provider’s stock after selling 21,576 shares during the period. S&P Global makes up about 9.9% of Rothschild & Co Wealth Management UK Ltd’s investment portfolio, making the stock its 5th largest holding. Rothschild & Co Wealth Management UK Ltd’s holdings in S&P Global were worth $604,736,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new stake in shares of S&P Global in the 4th quarter worth approximately $1,112,935,000. Clearbridge Investments LLC raised its stake in shares of S&P Global by 11,089.7% in the 1st quarter. Clearbridge Investments LLC now owns 2,230,227 shares of the business services provider’s stock worth $914,794,000 after buying an additional 2,210,296 shares in the last quarter. Morgan Stanley lifted its holdings in shares of S&P Global by 49.9% in the fourth quarter. Morgan Stanley now owns 4,318,418 shares of the business services provider’s stock valued at $1,446,412,000 after buying an additional 1,437,116 shares during the period. Northern Trust Corp boosted its stake in S&P Global by 39.5% during the first quarter. Northern Trust Corp now owns 3,727,874 shares of the business services provider’s stock valued at $1,529,100,000 after buying an additional 1,056,097 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC grew its holdings in S&P Global by 113,163.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,005,777 shares of the business services provider’s stock worth $336,875,000 after acquiring an additional 1,004,889 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Performance

NYSE:SPGI traded down $1.00 during midday trading on Wednesday, reaching $408.56. The stock had a trading volume of 1,058,852 shares, compared to its average volume of 1,224,425. The stock has a market capitalization of $130.85 billion, a P/E ratio of 49.64, a PEG ratio of 2.32 and a beta of 1.15. S&P Global Inc. has a 1-year low of $338.92 and a 1-year high of $461.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. The firm’s fifty day simple moving average is $426.65 and its 200-day simple moving average is $415.29.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the business earned $2.54 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts forecast that S&P Global Inc. will post 14.02 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.89%. The ex-dividend date was Monday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.90. S&P Global’s payout ratio is 44.23%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SPGI shares. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a research report on Friday, February 9th. BMO Capital Markets upped their price objective on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Oppenheimer restated an “outperform” rating and issued a $480.00 price objective on shares of S&P Global in a report on Tuesday, April 2nd. Raymond James lifted their target price on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Finally, Barclays boosted their target price on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $464.22.

Insider Activity

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the transaction, the chief executive officer now owns 162,530 shares in the company, valued at $69,032,992.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

About S&P Global

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.