S&P Global Inc. (NYSE:SPGI) Shares Sold by Gryphon Financial Partners LLC

Gryphon Financial Partners LLC decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 8.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,977 shares of the business services provider’s stock after selling 178 shares during the period. Gryphon Financial Partners LLC’s holdings in S&P Global were worth $882,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SPGI. Capital International Investors grew its holdings in S&P Global by 5.3% in the first quarter. Capital International Investors now owns 5,793,751 shares of the business services provider’s stock valued at $2,464,951,000 after purchasing an additional 291,712 shares during the period. Norges Bank acquired a new stake in shares of S&P Global during the 4th quarter worth $1,652,862,000. Capital World Investors increased its holdings in shares of S&P Global by 0.5% during the 4th quarter. Capital World Investors now owns 2,818,729 shares of the business services provider’s stock worth $1,241,706,000 after buying an additional 12,644 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of S&P Global by 11.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,624,308 shares of the business services provider’s stock worth $1,156,060,000 after buying an additional 279,633 shares during the period. Finally, Parnassus Investments LLC boosted its holdings in S&P Global by 0.3% in the fourth quarter. Parnassus Investments LLC now owns 2,467,429 shares of the business services provider’s stock valued at $1,086,952,000 after acquiring an additional 7,887 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Oppenheimer raised their price objective on S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Royal Bank of Canada lifted 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. JPMorgan Chase & Co. raised their target price on shares of S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Barclays upped their price target on shares of S&P Global from $520.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus raised their price objective on S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target of $535.25.

Insider Buying and Selling at S&P Global

In other news, insider Edouard Tavernier sold 500 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following the transaction, the insider now directly owns 13,217 shares in the company, valued at approximately $6,496,816.35. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Steven J. Kemps sold 2,700 shares of S&P Global stock in a transaction dated 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 approximately $715,205.25. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $245,775.00. Following the completion of the sale, the insider now owns 13,217 shares in the company, valued at $6,496,816.35. The disclosure for this sale can be found here. Insiders have sold 17,862 shares of company stock worth $8,645,727 in the last ninety days. 0.10% of the stock is owned by insiders.

S&P Global Stock Up 1.0 %

SPGI stock opened at $515.83 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. The firm has a 50 day simple moving average of $488.03 and a 200-day simple moving average of $449.48. The company has a market capitalization of $161.45 billion, a P/E ratio of 57.83, a PEG ratio of 2.65 and a beta of 1.17. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $521.50.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, beating analysts’ consensus estimates of $3.67 by $0.37. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.42 billion. During the same period in the prior year, the firm posted $3.12 EPS. The firm’s revenue was up 14.4% compared to the same quarter last year. On average, equities research analysts predict that S&P Global Inc. will post 14.58 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a yield of 0.71%. S&P Global’s dividend payout ratio (DPR) 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.