Traders Sell Shares of S&P Global (SPGI) on Strength (SPGI)

Investors sold shares of S&P Global Inc (NYSE:SPGI) on strength during trading hours on Thursday. $55.74 million flowed into the stock on the tick-up and $92.13 million flowed out of the stock on the tick-down, for a money net flow of $36.39 million out of the stock. Of all stocks tracked, S&P Global had the 20th highest net out-flow for the day. S&P Global traded up $1.44 for the day and closed at $188.16

Several research analysts have weighed in on the stock. Stifel Nicolaus increased their price target on shares of S&P Global from $186.00 to $214.00 and gave the company a “hold” rating in a report on Friday, July 27th. Zacks Investment Research cut shares of S&P Global from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. BMO Capital Markets raised their target price on shares of S&P Global from $209.00 to $214.00 and gave the stock a “market perform” rating in a report on Friday, July 27th. Atlantic Securities cut shares of S&P Global from an “overweight” rating to a “neutral” rating in a report on Wednesday, August 1st. Finally, Morgan Stanley set a $202.00 target price on shares of S&P Global and gave the stock a “hold” rating in a report on Friday, October 26th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $206.69.

The firm has a market capitalization of $46.03 billion, a P/E ratio of 27.31, a P/E/G ratio of 1.50 and a beta of 1.18. The company has a debt-to-equity ratio of 3.82, a quick ratio of 1.44 and a current ratio of 1.44.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 25th. The business services provider reported $2.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.01 by $0.10. S&P Global had a net margin of 27.10% and a return on equity of 340.41%. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.58 billion. On average, equities analysts predict that S&P Global Inc will post 8.52 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 28th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $2.00 dividend on an annualized basis and a yield of 1.06%. S&P Global’s dividend payout ratio (DPR) is 29.03%.

In related news, SVP Nancy Luquette sold 225 shares of S&P Global stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $183.51, for a total value of $41,289.75. Following the transaction, the senior vice president now directly owns 306 shares of the company’s stock, valued at $56,154.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas L. Peterson sold 4,000 shares of S&P Global stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $201.27, for a total transaction of $805,080.00. The disclosure for this sale can be found here. Insiders sold 4,575 shares of company stock worth $917,542 over the last three months. 0.20% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Cornerstone Wealth Management LLC increased its stake in S&P Global by 800.7% in the second quarter. Cornerstone Wealth Management LLC now owns 24,795 shares of the business services provider’s stock valued at $121,000 after acquiring an additional 22,042 shares during the last quarter. Kaizen Advisory LLC boosted its position in S&P Global by 143.4% in the second quarter. Kaizen Advisory LLC now owns 606 shares of the business services provider’s stock valued at $124,000 after buying an additional 357 shares in the last quarter. Sun Life Financial INC boosted its position in S&P Global by 209.0% in the second quarter. Sun Life Financial INC now owns 683 shares of the business services provider’s stock valued at $139,000 after buying an additional 462 shares in the last quarter. First Mercantile Trust Co. boosted its position in S&P Global by 65.0% in the second quarter. First Mercantile Trust Co. now owns 848 shares of the business services provider’s stock valued at $173,000 after buying an additional 334 shares in the last quarter. Finally, Clinton Group Inc. acquired a new stake in S&P Global in the second quarter valued at approximately $201,000. 84.23% of the stock is currently owned by institutional investors and hedge funds.

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About S&P Global (NYSE:SPGI)

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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