S&P Global Inc. (NYSE:SPGI) Stock Holdings Lessened by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,748 shares of the business services provider’s stock after selling 140 shares during the quarter. S&P Global accounts for 1.7% of Blue Zone Wealth Advisors LLC’s portfolio, making the stock its 23rd largest holding. Blue Zone Wealth Advisors LLC’s holdings in S&P Global were worth $4,794,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Capital International Investors boosted its position in shares of 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. Norges Bank purchased a new stake in S&P Global during the fourth quarter valued at about $1,652,862,000. Capital World Investors boosted its holdings in shares of S&P Global by 0.5% in the fourth quarter. Capital World Investors now owns 2,818,729 shares of the business services provider’s stock worth $1,241,706,000 after buying an additional 12,644 shares during the period. Wells Fargo & Company MN increased its position in shares of S&P Global by 11.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,624,308 shares of the business services provider’s stock worth $1,156,060,000 after acquiring an additional 279,633 shares in the last quarter. Finally, Parnassus Investments LLC raised its holdings in shares of S&P Global by 0.3% during the fourth quarter. Parnassus Investments LLC now owns 2,467,429 shares of the business services provider’s stock valued at $1,086,952,000 after acquiring an additional 7,887 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Up 0.3 %

NYSE:SPGI traded up $1.32 during mid-day trading on Friday, reaching $488.51. The stock had a trading volume of 611,235 shares, compared to its average volume of 1,258,101. The stock has a market cap of $152.85 billion, a P/E ratio of 54.77, a PEG ratio of 2.55 and a beta of 1.16. The business’s 50 day moving average is $460.85 and its 200 day moving average is $440.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 0.92. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $502.95.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, topping the consensus estimate of $3.67 by $0.37. The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.42 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.12 earnings per share. As a group, sell-side analysts predict that S&P Global Inc. will post 14.58 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders 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 yield of 0.75%. S&P Global’s dividend payout ratio (DPR) is currently 40.81%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Stifel Nicolaus raised 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 note on Wednesday, July 31st. Royal Bank of Canada raised their target price on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. upped their price target on S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. UBS Group raised their price objective on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Finally, Morgan Stanley upped their target price on S&P Global from $500.00 to $510.00 and gave the company an “overweight” rating in a report on Friday, July 5th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $526.73.

Insiders Place Their Bets

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

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.