RiverPark Advisors LLC Sells 315 Shares of S&P Global Inc. (NYSE:SPGI)

RiverPark Advisors LLC lowered its stake in S&P Global Inc. (NYSE:SPGI) by 10.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,590 shares of the business services provider’s stock after selling 315 shares during the quarter. RiverPark Advisors LLC’s holdings in S&P Global were worth $914,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Camden National Bank purchased a new position in S&P Global during the 4th quarter valued at approximately $4,499,000. Mattern Capital Management LLC grew its holdings in S&P Global by 0.8% during the 4th quarter. Mattern Capital Management LLC now owns 14,884 shares of the business services provider’s stock valued at $4,893,000 after buying an additional 123 shares in the last quarter. Eaton Vance Management grew its holdings in S&P Global by 0.3% during the 4th quarter. Eaton Vance Management now owns 597,706 shares of the business services provider’s stock valued at $196,484,000 after buying an additional 1,984 shares in the last quarter. Penserra Capital Management LLC grew its holdings in S&P Global by 15.6% during the 4th quarter. Penserra Capital Management LLC now owns 511 shares of the business services provider’s stock valued at $167,000 after buying an additional 69 shares in the last quarter. Finally, Vantage Consulting Group Inc purchased a new position in S&P Global during the 4th quarter valued at approximately $33,000. 87.89% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on SPGI shares. BMO Capital Markets raised their price target on S&P Global from $380.00 to $428.00 and gave the company an “outperform” rating in a report on Wednesday, April 14th. Robert W. Baird started coverage on S&P Global in a report on Tuesday, April 27th. They issued an “outperform” rating and a $437.00 target price for the company. Royal Bank of Canada started coverage on S&P Global in a report on Wednesday, July 7th. They issued an “outperform” rating and a $476.00 target price for the company. Raymond James lifted their target price on S&P Global from $410.00 to $443.00 and gave the stock an “outperform” rating in a report on Wednesday, July 7th. Finally, Stifel Nicolaus lifted their target price on S&P Global from $446.00 to $467.00 and gave the stock a “buy” rating in a report on Tuesday, July 6th. Twelve research analysts have rated the stock with a buy rating, S&P Global presently has an average rating of “Buy” and a consensus price target of $435.25.

NYSE SPGI traded up $1.17 on Thursday, reaching $418.23. 5,394 shares of the stock traded hands, compared to its average volume of 1,184,545. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 3.74. The stock’s fifty day simple moving average is $395.89. The company has a market cap of $100.75 billion, a P/E ratio of 33.72, a price-to-earnings-growth ratio of 3.25 and a beta of 0.97. S&P Global Inc. has a 12 month low of $303.50 and a 12 month high of $420.62.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, April 29th. The business services provider reported $3.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.13 by $0.26. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.96 billion. S&P Global had a return on equity of 490.35% and a net margin of 32.01%. Equities analysts anticipate that S&P Global Inc. will post 12.8 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 10th. Shareholders of record on Thursday, August 26th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, August 25th. S&P Global’s dividend payout ratio (DPR) is presently 26.35%.

In other news, CEO Douglas L. Peterson sold 7,000 shares of the business’s stock in a transaction on Friday, May 14th. The stock was sold at an average price of $379.05, for a total value of $2,653,350.00. Following the completion of the transaction, the chief executive officer now directly owns 159,523 shares of the company’s stock, valued at approximately $60,467,193.15. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide. It operates through the following segments: Ratings, Market Intelligence, Platts and Indices. The Ratings segment offers credit ratings, research, and analytics to investors, issuers, and other market participants.

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

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