S&P Global Inc. (NYSE:SPGI) Shares Sold by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC decreased its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 58.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,371 shares of the business services provider's stock after selling 3,337 shares during the quarter. Main Street Financial Solutions LLC's holdings in S&P Global were worth $1,225,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. HWG Holdings LP acquired a new position in shares of S&P Global during the second quarter worth about $27,000. Northwest Investment Counselors LLC purchased a new stake in shares of S&P Global in the 3rd quarter valued at approximately $27,000. Sachetta LLC raised its holdings in shares of S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider's stock valued at $29,000 after purchasing an additional 30 shares in the last quarter. First Personal Financial Services purchased a new stake in shares of S&P Global during the 3rd quarter worth $29,000. Finally, Hobbs Group Advisors LLC acquired a new position in shares of S&P Global during the second quarter worth $31,000. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Stock Performance

Shares of S&P Global stock traded up $0.35 on Thursday, reaching $510.64. 750,373 shares of the stock were exchanged, compared to its average volume of 1,209,288. The firm has a market capitalization of $158.45 billion, a PE ratio of 45.07, a PEG ratio of 2.57 and a beta of 1.18. S&P Global Inc. has a 1-year low of $401.58 and a 1-year high of $533.29. The business has a fifty day moving average price of $510.74 and a two-hundred day moving average price of $477.90. 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 (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating analysts' consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.21 EPS. As a group, research analysts anticipate that S&P Global Inc. will post 15.25 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. S&P Global's payout ratio is currently 32.13%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SPGI shares. JPMorgan Chase & Co. cut their price target on S&P Global from $600.00 to $585.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. BMO Capital Markets dropped their price objective on S&P Global from $589.00 to $564.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Robert W. Baird boosted their target price on S&P Global from $536.00 to $575.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Morgan Stanley increased their price target on shares of S&P Global from $564.00 to $570.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada boosted their price objective on shares of S&P Global from $500.00 to $552.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $571.31.

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.