Evelyn Partners Investment Management LLP Sells 1,546 Shares of S&P Global Inc. $SPGI

Evelyn Partners Investment Management LLP lessened its stake in S&P Global Inc. (NYSE:SPGI) by 1.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 78,907 shares of the business services provider’s stock after selling 1,546 shares during the quarter. S&P Global makes up 0.9% of Evelyn Partners Investment Management LLP’s holdings, making the stock its 26th largest holding. Evelyn Partners Investment Management LLP’s holdings in S&P Global were worth $33,562,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SPGI. Vanguard Group Inc. grew its position in S&P Global by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 30,374,366 shares of the business services provider’s stock valued at $15,873,340,000 after purchasing an additional 117,728 shares during the last quarter. State Street Corp raised its stake in shares of S&P Global by 1.1% in the fourth quarter. State Street Corp now owns 14,259,690 shares of the business services provider’s stock worth $7,451,971,000 after purchasing an additional 157,301 shares during the last quarter. TCI Fund Management Ltd. boosted its position in shares of S&P Global by 5.4% during the fourth quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider’s stock valued at $6,161,498,000 after buying an additional 600,440 shares during the last quarter. Morgan Stanley boosted its position in shares of S&P Global by 3.3% during the fourth quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider’s stock valued at $4,354,796,000 after buying an additional 263,051 shares during the last quarter. Finally, Norges Bank bought a new stake in S&P Global in the 4th quarter worth about $2,398,991,000. Institutional investors own 87.17% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Martina Cheung acquired 2,322 shares of the stock in a transaction dated Wednesday, April 29th. The shares were purchased at an average cost of $429.93 per share, with a total value of $998,297.46. Following the transaction, the chief executive officer directly owned 27,518 shares in the company, valued at approximately $11,830,813.74. This represents a 9.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Edward Jr. Moritz acquired 1,152 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average price of $434.03 per share, with a total value of $500,002.56. Following the completion of the purchase, the director owned 1,152 shares in the company, valued at $500,002.56. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 5,974 shares of company stock worth $2,576,775 over the last quarter. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SPGI shares. Wells Fargo & Company decreased their target price on S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. BMO Capital Markets raised their price target on shares of S&P Global from $495.00 to $505.00 and gave the company an “outperform” rating in a report on Tuesday, July 7th. Royal Bank Of Canada cut their price objective on S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday, July 7th. UBS Group dropped their target price on S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Finally, The Goldman Sachs Group reduced their price target on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Eighteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $533.59.

S&P Global Trading Up 3.0%

Shares of S&P Global stock opened at $439.25 on Tuesday. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05. The company’s fifty day simple moving average is $423.71 and its 200-day simple moving average is $440.76. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market capitalization of $130.02 billion, a PE ratio of 27.80, a P/E/G ratio of 2.16 and a beta of 1.08.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, topping analysts’ consensus estimates of $4.82 by $0.15. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The company had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period last year, the firm earned $4.37 EPS. S&P Global’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, equities analysts anticipate that S&P Global Inc. will post 18.37 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s payout ratio is currently 24.56%.

About S&P Global

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.