S&P Global Inc. (NYSE:SPGI) Shares Sold by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC reduced its holdings in S&P Global Inc. (NYSE:SPGI) by 7.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 823 shares of the business services provider’s stock after selling 70 shares during the period. Joel Isaacson & Co. LLC’s holdings in S&P Global were worth $425,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SPGI. Vicus Capital acquired a new position in S&P Global during the first quarter worth $429,000. Foguth Wealth Management LLC. purchased a new position in S&P Global in the 1st quarter valued at about $205,000. Red Door Wealth Management LLC boosted its holdings in S&P Global by 24.7% in the 1st quarter. Red Door Wealth Management LLC now owns 605 shares of the business services provider’s stock worth $257,000 after buying an additional 120 shares during the last quarter. D.B. Root & Company LLC increased its stake in S&P Global by 40.9% during the 1st quarter. D.B. Root & Company LLC now owns 933 shares of the business services provider’s stock worth $397,000 after buying an additional 271 shares in the last quarter. Finally, LVW Advisors LLC raised its holdings in shares of S&P Global by 87.4% during the first quarter. LVW Advisors LLC now owns 1,428 shares of the business services provider’s stock valued at $608,000 after acquiring an additional 666 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on SPGI shares. Wells Fargo & Company boosted their price target on S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. UBS Group increased their target price on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday. BMO Capital Markets lowered their price target on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research report on Friday. Robert W. Baird increased their price objective on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday. Finally, Bank of America boosted their target price on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $569.77.

Insider Buying and Selling

In other S&P Global news, insider Edouard Tavernier sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $245,775.00. Following the sale, the insider now owns 13,217 shares of the company’s stock, valued at $6,496,816.35. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Edouard Tavernier sold 500 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $245,775.00. Following the sale, the insider now owns 13,217 shares in the company, valued at approximately $6,496,816.35. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert P. Kelly sold 7,662 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total value of $3,687,567.36. Following the transaction, the director now owns 15,830 shares of the company’s stock, valued at $7,618,662.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,862 shares of company stock valued at $8,645,727. Company insiders own 0.10% of the company’s stock.

S&P Global Price Performance

SPGI stock opened at $490.61 on Friday. S&P Global Inc. has a 52-week low of $340.49 and a 52-week high of $533.29. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. The stock has a market cap of $153.56 billion, a price-to-earnings ratio of 46.50, a price-to-earnings-growth ratio of 2.76 and a beta of 1.18. The business has a fifty day moving average of $513.82 and a two-hundred day moving average of $470.81.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same period last year, the company earned $3.21 EPS. The company’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, research analysts anticipate that S&P Global Inc. will post 14.79 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 Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is 34.50%.

S&P Global Company Profile

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 through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.