US Bancorp DE Increases Stock Holdings in S&P Global Inc. (NYSE:SPGI)

US Bancorp DE lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 284,661 shares of the business services provider's stock after acquiring an additional 2,376 shares during the quarter. US Bancorp DE owned approximately 0.09% of S&P Global worth $147,063,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPGI. HWG Holdings LP purchased a new stake in S&P Global in the second quarter worth $27,000. Northwest Investment Counselors LLC purchased a new stake in S&P Global in the third quarter worth $27,000. Sachetta LLC grew its stake in S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider's stock worth $29,000 after purchasing an additional 30 shares during the period. Hobbs Group Advisors LLC purchased a new stake in S&P Global in the second quarter worth $31,000. Finally, Voisard Asset Management Group Inc. grew its stake in S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider's stock worth $32,000 after purchasing an additional 27 shares during the period. Institutional investors own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SPGI. Raymond James cut S&P Global from an "outperform" rating to a "market perform" rating in a research note on Monday, September 23rd. Stifel Nicolaus increased their target price on S&P Global from $540.00 to $560.00 and gave the stock a "buy" rating in a research note on Monday. Barclays increased their target price on S&P Global from $550.00 to $610.00 and gave the stock an "overweight" rating in a research note on Friday, September 13th. Bank of America increased their target price on S&P Global from $530.00 to $540.00 and gave the stock a "buy" rating in a research note on Tuesday, July 16th. Finally, Oppenheimer increased their price objective on S&P Global from $540.00 to $590.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $571.31.

S&P Global Stock Performance

Shares of NYSE SPGI traded down $5.74 during trading on Thursday, hitting $480.20. The company had a trading volume of 1,326,316 shares, compared to its average volume of 1,201,266. The stock has a 50 day simple moving average of $513.17 and a 200 day simple moving average of $472.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03. S&P Global Inc. has a 12 month low of $342.93 and a 12 month high of $533.29. The firm has a market capitalization of $150.25 billion, a P/E ratio of 54.49, a price-to-earnings-growth ratio of 2.76 and a beta of 1.18.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter last year, the company earned $3.21 earnings per share. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, analysts anticipate that S&P Global Inc. will post 14.79 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global's dividend payout ratio is currently 40.81%.

Insider Buying and Selling

In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $7,618,662.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Douglas L. Peterson sold 7,000 shares of S&P Global stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total value 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 approximately $74,915,443.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

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.