S&P Global (SPGI) Stake Decreased by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC decreased its position in shares of S&P Global (NYSE:SPGI) by 70.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,120 shares of the business services provider’s stock after selling 4,990 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in S&P Global were worth $405,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. USA Mutuals Advisors Inc. acquired a new stake in shares of S&P Global during the fourth quarter worth approximately $108,000. Financial Gravity Companies Inc. acquired a new stake in shares of S&P Global during the fourth quarter worth approximately $115,000. Truewealth LLC acquired a new stake in shares of S&P Global during the fourth quarter worth approximately $112,000. Cerebellum GP LLC acquired a new stake in shares of S&P Global in the fourth quarter valued at approximately $129,000. Finally, Harvest Fund Management Co. Ltd increased its holdings in shares of S&P Global by 46.4% in the first quarter. Harvest Fund Management Co. Ltd now owns 820 shares of the business services provider’s stock valued at $156,000 after purchasing an additional 260 shares in the last quarter. 86.42% of the stock is owned by institutional investors.

SPGI has been the subject of a number of research reports. ValuEngine raised shares of S&P Global from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Argus raised their price target on shares of S&P Global to $210.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Zacks Investment Research raised shares of S&P Global from a “hold” rating to a “buy” rating and set a $204.00 price target for the company in a report on Tuesday, January 23rd. Morgan Stanley raised their price target on shares of S&P Global from $192.00 to $198.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Finally, BMO Capital Markets raised their price target on shares of S&P Global from $183.00 to $186.00 and gave the company a “market perform” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $195.36.

In other S&P Global news, insider John L. Berisford sold 15,902 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $192.19, for a total value of $3,056,205.38. Following the transaction, the insider now directly owns 25,455 shares of the company’s stock, valued at $4,892,196.45. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas L. Peterson sold 4,000 shares of S&P Global stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $197.75, for a total transaction of $791,000.00. Following the transaction, the chief executive officer now directly owns 171,190 shares in the company, valued at $33,852,822.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,792 shares of company stock worth $4,014,997. Insiders own 0.20% of the company’s stock.

Shares of S&P Global opened at $197.66 on Friday, MarketBeat reports. S&P Global has a 52-week low of $196.84 and a 52-week high of $198.25. The company has a market capitalization of $49.86 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 1.60 and a beta of 1.36. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 46.62.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, April 26th. The business services provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.02. S&P Global had a net margin of 25.72% and a return on equity of 267.10%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period last year, the firm earned $1.62 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. equities analysts anticipate that S&P Global will post 8.52 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 12th. Shareholders of record on Tuesday, May 29th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 25th. This represents a $2.00 dividend on an annualized basis and a yield of 1.01%. S&P Global’s payout ratio is presently 29.03%.

S&P Global Company Profile

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

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