Financial Advisory Service Inc. Sells 90 Shares of S&P Global Inc. (NYSE:SPGI)

Financial Advisory Service Inc. trimmed its position in shares of S&P Global Inc. (NYSE:SPGIGet Rating) by 14.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 525 shares of the business services provider’s stock after selling 90 shares during the quarter. Financial Advisory Service Inc.’s holdings in S&P Global were worth $248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in shares of S&P Global during the fourth quarter valued at approximately $28,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in S&P Global in the 4th quarter valued at $31,000. MV Capital Management Inc. increased its stake in S&P Global by 65.9% in the third quarter. MV Capital Management Inc. now owns 68 shares of the business services provider’s stock worth $29,000 after purchasing an additional 27 shares during the period. Kathleen S. Wright Associates Inc. bought a new stake in shares of S&P Global during the fourth quarter worth $38,000. Finally, Cordasco Financial Network purchased a new stake in shares of S&P Global during the fourth quarter valued at $42,000. 94.26% of the stock is owned by institutional investors.

In other news, insider Dimitra Manis sold 2,636 shares of the stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $405.41, for a total value of $1,068,660.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Steven J. Kemps sold 1,591 shares of the business’s stock in a transaction on Friday, March 4th. The shares were sold at an average price of $407.23, for a total transaction of $647,902.93. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,567 shares of company stock valued at $5,914,500. 0.10% of the stock is currently owned by insiders.

A number of brokerages recently weighed in on SPGI. The Goldman Sachs Group assumed coverage on shares of S&P Global in a report on Tuesday, March 8th. They set a “buy” rating and a $485.00 price objective for the company. Jefferies Financial Group began coverage on S&P Global in a report on Wednesday, March 2nd. They set a “buy” rating and a $453.00 price objective on the stock. UBS Group lowered their target price on S&P Global from $486.00 to $441.00 in a report on Wednesday, May 4th. Robert W. Baird dropped their price target on S&P Global from $493.00 to $472.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on S&P Global from $515.00 to $483.00 and set a “buy” rating for the company in a report on Wednesday, May 4th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $467.57.

NYSE:SPGI traded up $10.35 during mid-day trading on Friday, hitting $342.42. 3,425,752 shares of the company’s stock traded hands, compared to its average volume of 2,765,859. The company has a fifty day moving average of $382.46 and a 200 day moving average of $415.89. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.38 and a current ratio of 1.38. S&P Global Inc. has a twelve month low of $322.20 and a twelve month high of $484.21. The company has a market capitalization of $116.36 billion, a P/E ratio of 24.71, a P/E/G ratio of 2.12 and a beta of 1.05.

S&P Global (NYSE:SPGIGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The business services provider reported $2.89 EPS for the quarter, missing the consensus estimate of $2.99 by ($0.10). The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $3.04 billion. S&P Global had a net margin of 40.43% and a return on equity of 31.07%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the previous year, the business earned $3.39 earnings per share. On average, research analysts expect that S&P Global Inc. will post 13.08 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Friday, May 27th will be paid a $0.85 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.77. The ex-dividend date is Thursday, May 26th. This represents a $3.40 dividend on an annualized basis and a yield of 0.99%. S&P Global’s dividend payout ratio (DPR) is 22.22%.

S&P Global Profile (Get Rating)

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 in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

Further Reading

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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