WD Rutherford LLC Sells 60 Shares of S&P Global Inc. (NYSE:SPGI)

WD Rutherford LLC lowered its holdings in S&P Global Inc. (NYSE:SPGI) by 1.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,070 shares of the business services provider’s stock after selling 60 shares during the period. WD Rutherford LLC’s holdings in S&P Global were worth $2,157,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Janney Capital Management LLC lifted its holdings in shares of S&P Global by 2.7% in the fourth quarter. Janney Capital Management LLC now owns 17,429 shares of the business services provider’s stock worth $7,678,000 after buying an additional 461 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in S&P Global by 6.1% in the 4th quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock worth $671,000 after purchasing an additional 87 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in S&P Global by 15.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,403,726 shares of the business services provider’s stock valued at $618,369,000 after purchasing an additional 190,758 shares during the period. Citizens Financial Group Inc. RI grew its position in shares of S&P Global by 54.2% during the 4th quarter. Citizens Financial Group Inc. RI now owns 3,172 shares of the business services provider’s stock valued at $1,397,000 after purchasing an additional 1,115 shares in the last quarter. Finally, Handelsinvest Investeringsforvaltning bought a new position in shares of S&P Global in the fourth quarter worth $1,644,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Down 0.6 %

SPGI traded down $2.91 during trading on Friday, reaching $446.00. The stock had a trading volume of 3,028,270 shares, compared to its average volume of 969,709. The stock’s 50 day moving average is $431.45 and its two-hundred day moving average is $431.72. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $139.55 billion, a price-to-earnings ratio of 50.00, a P/E/G ratio of 2.50 and a beta of 1.15. S&P Global Inc. has a one year low of $340.49 and a one year high of $461.16.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. As a group, analysts expect that S&P Global Inc. will post 14.1 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, September 11th. Stockholders of record on Tuesday, August 27th will be issued a dividend of $0.91 per share. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 annualized dividend and a dividend yield of 0.82%. S&P Global’s payout ratio is presently 40.81%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets raised their target price on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Oppenheimer increased their target price on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Stifel Nicolaus lifted their price target on S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a research report on Friday, June 21st. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $467.89.

About S&P Global

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.