Trust Co. of Oklahoma Sells 58 Shares of S&P Global Inc. (NYSE:SPGI)

Trust Co. of Oklahoma trimmed its position in S&P Global Inc. (NYSE:SPGI) by 2.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,906 shares of the business services provider’s stock after selling 58 shares during the period. Trust Co. of Oklahoma’s holdings in S&P Global were worth $1,296,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of SPGI. Janney Capital Management LLC lifted its holdings in shares of S&P Global by 2.7% during the fourth quarter. Janney Capital Management LLC now owns 17,429 shares of the business services provider’s stock worth $7,678,000 after purchasing an additional 461 shares during the period. Artisan Partners Limited Partnership raised its position in S&P Global by 15.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,403,726 shares of the business services provider’s stock worth $618,369,000 after purchasing an additional 190,758 shares during the last quarter. Citizens Financial Group Inc. RI lifted its holdings in 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 worth $1,397,000 after buying an additional 1,115 shares during the period. Mountain Pacific Investment Advisers Inc. ID lifted its holdings in S&P Global by 0.3% during the 4th quarter. Mountain Pacific Investment Advisers Inc. ID now owns 20,215 shares of the business services provider’s stock worth $8,905,000 after buying an additional 51 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of S&P Global by 107.2% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock valued at $2,798,000 after buying an additional 2,962 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Buying and Selling

In related news, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction that occurred on 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 sale, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other S&P Global news, CEO Douglas L. Peterson sold 7,000 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the completion of the transaction, the chief executive officer now owns 154,912 shares in the company, valued at $74,915,443.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the completion of the transaction, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,862 shares of company stock worth $8,645,727. Insiders own 0.10% of the company’s stock.

S&P Global Stock Down 0.1 %

S&P Global stock traded down $0.26 during midday trading on Thursday, hitting $498.72. 1,347,683 shares of the stock were exchanged, compared to its average volume of 1,244,537. The company has a quick ratio of 0.92, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $156.05 billion, a price-to-earnings ratio of 55.91, a price-to-earnings-growth ratio of 2.55 and a beta of 1.16. S&P Global Inc. has a 52-week low of $340.49 and a 52-week high of $502.95. The business’s 50-day moving average price is $470.51 and its 200-day moving average price is $442.53.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.67 by $0.37. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. S&P Global’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.12 earnings per share. On average, research analysts expect that S&P Global Inc. will post 14.58 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be given a dividend of $0.91 per share. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 annualized dividend and a yield of 0.73%. S&P Global’s payout ratio is currently 40.81%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Barclays upped their price objective on shares of S&P Global from $520.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. UBS Group increased their price target on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Bank of America boosted their price objective on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Royal Bank of Canada lifted their price target on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus increased their price objective on shares of S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $530.75.

S&P Global 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.