S&P Global Inc. (NYSE:SPGI) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. trimmed its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 30.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,256 shares of the business services provider's stock after selling 1,416 shares during the period. Cornercap Investment Counsel Inc.'s holdings in S&P Global were worth $1,682,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital International Investors grew its stake in S&P Global by 5.3% in the 1st quarter. Capital International Investors now owns 5,793,751 shares of the business services provider's stock valued at $2,464,951,000 after purchasing an additional 291,712 shares during the period. Legal & General Group Plc grew its position in shares of S&P Global by 1.0% during the 2nd quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider's stock valued at $1,260,665,000 after purchasing an additional 29,227 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of S&P Global by 13.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider's stock valued at $1,115,697,000 after acquiring an additional 298,645 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of S&P Global by 1.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,461,169 shares of the business services provider's stock worth $651,682,000 after buying an additional 20,624 shares during the last quarter. Finally, Fayez Sarofim & Co increased its stake in S&P Global by 0.6% in the first quarter. Fayez Sarofim & Co now owns 1,458,141 shares of the business services provider's stock valued at $620,366,000 after acquiring an additional 8,435 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

SPGI stock traded down $7.35 during mid-day trading on Friday, reaching $503.29. The company's stock had a trading volume of 1,132,168 shares, compared to its average volume of 1,209,138. The company's 50 day moving average is $510.62 and its two-hundred day moving average is $478.13. The stock has a market cap of $156.17 billion, a PE ratio of 45.03, a P/E/G ratio of 2.61 and a beta of 1.18. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a fifty-two week low of $401.79 and a fifty-two week high of $533.29.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the prior year, the company earned $3.21 EPS. S&P Global's revenue was up 15.9% on a year-over-year basis. Equities research analysts expect that S&P Global Inc. will post 15.25 EPS for the current year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.72%. S&P Global's dividend payout ratio is presently 32.13%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SPGI. Royal Bank of Canada raised their target price on shares of S&P Global from $500.00 to $552.00 and gave the stock an "outperform" rating in a report on Wednesday, July 31st. Stifel Nicolaus upped their target price on shares of S&P Global from $540.00 to $560.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Morgan Stanley lifted their price objective on S&P Global from $564.00 to $570.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. Raymond James downgraded shares of S&P Global from an "outperform" rating to a "market perform" rating in a research note on Monday, September 23rd. Finally, UBS Group increased their price objective on S&P Global from $605.00 to $610.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $571.31.

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.